2003News

US$200 million in loans

The Senate approved four international loan contracts for a total of US$200 million yesterday. Of the loans, US$138 million is to be financed by a Canadian government program and used to finance the construction of an aqueduct for Barahona, Bahoruco and Independencia provinces in the southwest. This program would be implemented by the Instituto Nacional …
2003News

Madrigal Dam again

Plans for a 100-meter tall dam, reservoir, water treatment plant and distribution pipelines are on the table once more. The US$150-million Madrigal project that would supply water to the National District and the Province of Santo Domingo is sited for the Haina River area near Villa Altagracia.  Canada’s export contracting agency, the Canadian Commercial Corporation …
2003News

CONEP commends changes to economic team

The National Council of Business (CONEP) has voiced its support for the recent changes made to the government’s economic team. Elena Viyella de Paliza, president of the leading private-sector organization, praised the new appointments to the finance and foreign ministries and the Central Bank, describing them as an indication of the government’s commitment to consolidating …
2003News

Water levels critical

Despite yesterday’s heavy rains in the capital, water levels remain critically low, owing to the almost total lack of rainfall in recent months. The country’s 12 reservoirs are just above minimum capacity levels, reports Diario Libre. Water companies have reduced supply to the public and have been urging people for some time to conserve water …
2003News

AG favors RD$5-million bail for Lockward

Attorney General Victor C?spedes announced yesterday that in his view the imprisoned PRSC politician qualifies for bail, which he calculated at RD$5 million. Angel Lockward, a former Industry and Commerce minister, currently in preventive custody at the Palace of Justice in Santo Domingo’s Ciudad Nueva, is accused of RD$200-million fraud. Lockward continues to claim that …