The Central Bank announced yesterday the start of the bidding process for the Playa Grande resort, located on the North Coast between Puerto Plata and Nagua, approximately 80 kilometers east of Gregorio Luperón International Airport. National and international investors wishing to bid for the property need to present by May 31st their credentials to a Bid Committee appointed by the Bank’s Monetary Board in order to be "pre-qualified" to participate in the bidding. Pre-qualified participants will then have until July 30th to present their bids. The Playa Grande project includes 3.5 million square meters of grounds, including a 1.6 kilometer stretch of beach and an 18-hole golf course where every hole has a view of the sea. Interested parties wanting details on the bidding procedures and requisites should contact the Central Bank’s Department of Project Development and Financing (Departamento de Desarrollo y Financiamiento de Proyectos (DEFINPRO).
