Samaná port’s concession contract raised from US$10M to US$100M

SANTO DOMINGO.- The Dominican Government raised from 10 to 100 million dollars the concession contract for Samaná’s Arroyo Barril (Duarte) port, signed with the company Valley Forge Corporation for the project’s construction, newspaper Diario Libre reports.

The addendum 023/2008 modified the contract that dates from 2001 and has a 30-year period, was signed about three months between the Dominican Port Authority (Apordom), in name of the Dominican State and executives of the company.

It stipulates that the signature is also for the construction of the Pirate port, the extension and new construction of Arroyo Barril’s current footer, a passenger terminal, offices, preparation of the area, and the construction of a second pier next to the present one.

According to Apordom legal consultant Carlos Marmolejos, the variation was done at the investors’ request, who changed their tender of 100 million dollars, 90 million more than the commitment assumed in 2001.

The new signature was done, just like the original contract, without the Congressional approval and without calling for tender offers.


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