The president of the Banco Nacional de la Vivienda said that that organization will assist builders with a loan for RD$400 million to build the athletes’ village for the 2003 Santo Domingo Pan Am Games. The cost of the village is estimated at more than RD$1,000 million. Chiqui Troncoso, of the BNV, said, "The National Housing Bank will provide the interim loans to the builders." He spoke after a presentation of the village made on occasion of the visit of Pan American Sports Organization commissioners. The commissioners are in Santo Domingo for meetings through Thursday to review advances made by the local organizing committee for the Pan Am Games. Their conclusions will be presented at the 19 January meeting scheduled by the Pan American Sports Organization in Panama City. At the meeting it was announced that Frank Pimentel and Asociados, Grupo Hazoury and Alfa 2000 would create a consortium to build the village with local funding. As planned, the village will have 720 apartments in three-floor buildings and will go up at a cost of RD$600 million. The village will be ready seven months prior to the games. The village will be located about 10 minutes from the Las Americas International Airport at the grounds of the Las Americas Institute of Technology and Santo Domingo Cyberpark. Special electricity, telecommunication and potable water facilities will be built. An overpass will be built to communicate the village with the Las Americas Expressway that leads into Santo Domingo.
