News

Dominican Republic: Freed-up Dominican tar market looks towards transparency

Santo Domingo.- The Public Works Ministry (MOPC) on Wed. said it decided to free up the Dominican tar market so that hot asphalt concrete (HAC) plants that participate in public bids acquire the material, AC-30, at market prices.

It said the decision was taken into account because the pre-existing contracts signed by the institution during the previous administration expired on November 30, 2020 and that for more than 20 years they generated price distortions and were “not very transparent” in the contract processes.

The MOPC said that in the next few days it will call for tenders of RD$3.04 billion (US$52.4 million) to buy HAC.

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s