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December 22, 2022
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Government approves 442 projects for $245 billion

Gobierno aprueba 442 proyectos por $245 mil  millones

Between January and November of this year, they were approved 442 investment projects for an amount of RD$245 thousand 886.6 million, for a growth of 94.7%, in relation to 2021, indicates the DATOSNIP report, released yesterday by the Ministry of Economy, Planning and Development (MEPyD).

Only last November, 32 projects were approved for an amount of RD$5,557.5 million, according to the report prepared by the General Directorate of Public Investment.

Of the projects approved this year, 288, 65.2% correspond to the Central Government; while 77 projects, 17.4% to municipal governments and 68, 15.4% to companies, says the report.

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Of the projects approved between January and November of this year, the ones with the highest cost are those of the central government for RD$224,316.2 million, 91.2% of the total.

While taking into account the amount, 13 of the projects approved in November, 40.6% correspond to the transport sector, such as road transport, with the highest amount being RD$2,471.9 million, 44.5% of the total.

It indicates that the investments approved for transportation will be used mainly to rebuild road infrastructure in the Cibao North and Northeast.

Of the projects approved in November 13 correspond to the MOPyC; six to the Provincial Development Support Commission, six to Inapa, two to CEIZTUR and one to the Sabana Higüero City Council.

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