Dominican Government admits it needs infrastructure investment rules

http://www.dominicantoday.com 03/05/07

Santo Domingo.-The Economy minister yesterday recognized that Dominican Republic didn’t not count on a legal framework and clear game rules to attract infrastructure investments.

Temístocles Montás said that’s the reason Dominican Republic appears in the worse position in the index in the World Economic Forum report titled "Bench-marking National Attractiveness for Private Investment in Latin American Infrastructure."

"The report had to show those results because it’s been very recent when at the level of the Dominican State it has begun to pay attention to the aspects linked to rules of the game for the infrastructure sector," he said. That attention is revealed with the law on contracts and governmental purchases approved this year, as well as the bill on public works concessions now in the National Congress.

The report cites financing difficulties for public works investments, "basically having to do with the use of the pension funds".

The publication lists 12 Latin American countries with Dominican Republic appearing in the worse position as destination for infrastructure investment.