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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.

Source: DT

Category: DR News |

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Last updated October 24, 2016 at 6:05 PM
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