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Another loan sought for Colonial City renovation program

The Ministry of Tourism (Mitur) is hoping that a loan from the InterAmerican Development Bank (BID) for US$90 million will soon be approved by National Congress. The loan is to implement the second phase of the Colonial City Renovation Program.

The continuation of the work in the Colonial City also has the support of key business people including Lisandro Macarrulla, president of the Sansouci Group and Emilio Torres Jorge, president of the Shopkeepers’ Association of El Conde Street (Asoconde).

The Ministry of Tourism explained to Diario Libre that the second stage of the renovation program has four components. These are:

The first is to consolidate cultural tourism in the Colonial City (US$49.51 million), and calls for the revitalization of historic buildings and public spaces.

A second phase will use US$11.89 million to improve the living conditions of the residents in the Colonial City and to maintain the social diversity in the area, with a focus on low income residents.

In addition, funds will be directed to develop the local economy (US$10.04 million), with an improvement in economic opportunities with a focus on micro and small businesses.

The funds will also be used to strengthen the touristic, cultural and urban management of the Colonial City (US$11.02 million). Funds will be directed to promote the area as an important tourist destination.

So far there have been several improvements in the area including better security with 120 video cameras installed, along with the beginning of the installation of an underground electricity line. Some 1,200 LED lights are being installed.

Source: DR1, DiarioLibre

Feb 7, 2017

Category: DR News |

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Last updated December 14, 2017 at 10:29 PM
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