The city government of Santiago has authorized the installation of the country’s first parking meters. The company, Blue Parking Service is installing the equipment on Calle Del Sol and other highly trafficked streets. The parking will cost RD$15 to RD$25 the hour. According to a report in El Caribe, the project calls for the installation of 1,200 parking regulators in a first phase.
In April 2004 the city government had rescinded a first parking meter installation contract with Consorcio Parking Tek, of CPS Parking Service. This contract was reportedly rescinded for lack of fulfillment of contractual obligations.