Santo Domingo, RD.
By Decree 724-20, the President of the Republic, Luis Abinader, ordered the establishment of Pro-Pedernales, a public trust in order to execute the necessary infrastructures for the tourist development of the respective province.
The provision indicates that the tourist pole in the southwest region presents an opportunity for the social and economic improvement of the inhabitants of the southwest region of the country, representing a space for the promotion of private investment and the creation of decent jobs.
It means that the incorporation of this trust will promote the tourism development of the city of Pedernales, facilitating the promotion of solutions by the state, as part of a set of public policies focused on the sustainable development of the border area.
The decree gives priority to trust schemes and public-private partnerships as investment mechanisms, which involve the participation of the public and private sectors in the development of sustainable tourism.
Who can participate?
The decree stipulates that, with the appropriate approval of the Administrative Committee, the trustees or adept trustees may be natural or legal persons who make contributions of any kind to the establishment of the trust assets.
The Dominican State, as part of this trust, will act through the General Directorate of Public-Private Partnerships as depositor and administrator, respectively; and on the other hand, Fiduciaria Reservas, SA, will act as trustee, which will allocate the own funds for the operation of the project.
This trust will be valid for 20 years, unless extended by mutual decision.
Coordination
An administrative committee will coordinate the work for the execution of the project, which will consist of the minister of the presidency, as chairman; finance ministers; Tourism; Environment; Public works and economics, planning and development
DETAILS
Property
For the development of this trust, it will be realized on the property identified as plot 215-A, in the cadastral district no. 3, which has an area of 361,978,762.00 square meters, located in Enriquillo, province of Barahona. To this end, national assets are instructed to perform all acts, procedures and resources that allow the effective contribution of this asset to the Trust.