The contract of Pro Pedernales Trust It will make it possible to create new jobs, activate trade, crafts and small industry, improve competitiveness in the area and improve local and foreign investment.
It was signed on January 14, 2021, and its addendum on November 8 of the same year, between the Dominican State, represented by the General Directorate of Public-Private Partnerships and Fiduciary Reserves.
President Luis Abinader sent the contract to the National Congress on November 19, 2021, approved in the Chamber of Deputies on January 11, 2022 and in the Senate on April 6, so it returns to the Executive power for its enactment.
These immediate effects were highlighted by the senator of the People’s Force for flints, Dionis Sanchezwhen reading the favorable report of the Permanent Commission of Finance of the Senate, which he integrates as vice president.
The contract of escrow seeks to regulate and promote investments and service infrastructures that show potential to influence the tourism development of flints.
Also, it aims to preserve the wealth and heritage of the nation in the southwestern region in order to develop that province.
It will make it possible to create the structural and legal security conditions for new investments in tourist destinations, will expand the range of tourist services offered in the area and will promote the quality of these services based on a culture of customer satisfaction and safety.
According to the report of the Permanent Commission of Finance of the Senate, the addendum no. 1 of the contract seeks to provide a special tax balance on the taxes that are specified in it.
The escrow will be valid for 20 years, unless the parties extend it and once that period ends, it will be without effect and the estate will be integrated into the escrow to be created for the public-private initiative.
The creation of Escrow Pro flints was arranged through Decree No. 724-20, which orders the institution of a escrow public, irrevocable, real estate development and investment, administration and management, source of payment, guarantee or public offering for tourism development in the province flints and surrounding areas.
The escrow It is made up of an Administrative Committee, whose role is to coordinate the work to be carried out, which is made up of the Minister of the Presidency, as president, and the Ministers of Finance; Tourism, Environment and Natural Resources; Public Works and Communications, Economy, Planning and Development.
In addition, the Legal Advisor of the Executive power and the executive director of the General Directorate of Public-Private Partnerships, as secretary.
In paragraph II, of clause 5, the contract establishes that the property corresponding to Eagles Bayif required and previously approved by the National Congresswill be provided in the Escrow when referring to the property identified as plot 215-A, of Cadastral District No. 03, which has an area of 361,978,762 square meters, license plate No. 0600006285, located in Enriquillo, Barahona.
While in paragraph III it states that the trustor undertakes to integrate or try to integrate the assets agreed to the Trust Assets, including the property described in that clause, “must collaborate and deliver all the necessary documentation to perfect the transfer of the same to escrow”.
The Government has guaranteed on several occasions, through the Ministry of the Environment and Natural Resources and the General Directorate of Public-Private Partnerships, that the protected areas corresponding to the Sierra de Bahoruco and Jaragua national parks, which include Eagles Bay, not they will receive no type of negative impact when they begin the works that will allow the tourist development of the Pedernales province.
Also, Lourdes Russa, representative of the Environmental Consultant for the Tourist Development of flints, assured that the use of that beach will remain public and that hotels will not be built in that area. That information that was distributed on March 7 by the Presidency of the Republic.