2003News

Mejia inaugurates highway expansion

President Hipolito Mejia was in San Pedro yesterday to formally initiate the construction of the San Pedro de Macoris-La Romana highway expansion. The government has entrusted the Spanish-Dominican engineering firm Concesionaria Dominicana de Autopistas y Carreteras with the 30-year concession contract. The company will double the size of the present 31.5-kilometer long highway and rebuild …
2003News

Fenatrano pays its bill

Hoy newspaper reports that the president of the Federacion Nacional de Transporte La Nueva Opcion (Fenatrano) delivered a RD$3.7-million certified check to the Municipality of Santo Domingo yesterday. This amount had been deducted from the municipality’s account with the Banco de Reservas for arrears in the payment of the Fenatrano debt related to the 432 …
2003News

Dollar is out of control

The headline of Hoy newspaper is implicitly clear: Dollar out of control. According to the paper, after a three-day absence on the market, dollars reappeared yesterday and promptly broke the psychological barrier of RD$25 to US$1. Nevertheless, most exchange houses said that they didn?t have any dollars to sell. Most agents the Hoy reporters talked …