Taxpayers foot US$58.1M subsidy as the Santo Domingo – Samana road’s tolls slump
Santo Domingo.- The failed revenue projections for the Santo Domingo-Samana road (John Paul II highway) forces the government to continue its subsidy, as much as RD$2.5 billion (US$58.1 million) next year, or a 101.77% jump.
Budget allocation to offset the low toll revenue will have increased by more than 100% in just two years.
The budget allocation of RD$2.3 billion in this year’s dubbed the “shadow toll” is RD$933.0 million higher than in 2013.
Colombian contractor Autopistas del Noreste (highways of the northeast) built the 106-kilometer road, under a contract to collect the tolls during 30 years.
Category: DR News |