In April they will begin “Juan Bosch City”
SANTO DOMINGO. The 25,000 houses that make up the Juan Bosch City project, which will be executed by the government with the participation of the private sector in East Santo Domingo, will start construction in April.
This was reported by the Superintendant of Banks, Rafael Camilo, after meeting with the Minister of the Presidency, Gustavo Montalvo together with Julio Miguel Silva, a Colombian specialist on this type of project and Fermin Acosta, the president of the Constructors and Housing Promoters Association (ACOPROVI).
The buildings will raised close to the Las Americas Highway under the methodology of a trusteeship as contemplated i n Law 189-11.
The total investment for the project which plans to build 25,000 units is around US$2.0 billion and it is expected that by the end of the administration of Danilo Medina, the first 10,000 housing units will be constructed. These units are designed to reduce the housing deficit, above all in the sector with the lowest income.
The value of each unit will be around US$13,000 to US$25,000, according to the Colombian specialist contracted by the government for the execution of this project.
The authorities will be in charge of the preparation of the more than two million square meters where the city will be built. They will also build street, sidewalks, gutters, electricity supply, and water, while the promoters will build the housing units and other buildings.
Category: DR News |