no bid contract?
This news item was of interest since it states that there is international loan money involved which is going to a "no bid" contract...
are there no international regulations regarding such things?
seems like a license to steal, doesn't it?
"Almost US$300 million in more loans
President Leonel Fernandez has sent several requests for government loans to Congress, as reported in Hoy. The funds would be invested in the Ciudad de la Salud, a no-bid contract for the construction and equipping several public hospitals entrusted to Carimex LLC and the Supervisory Office of Public Works, under engineer Felix Bautista. Deutsche Bank of Spain would be the lender for the US$111.2 million and US$14.5 million for the pediatric, maternity and general hospitals located in the Ciudad de la Salud, on Av. Charles de Gaulle in eastern Santo Domingo, as reported in Hoy.
An additional loan of US$79.6 million and another for US$10.4 million would be used for equipping hospitals in Higuey and Monte Cristi and 18 other primary health centers.
Another loan for US$20 million would be used for the rehabilitation of the Cosntanza-Casabito-Duarte Highway under the Ministry of Public Works.
And another for US$45 million would go towards completing the wholesaler market, the Merca Santo Domingo project, under the Supervisory of Public Works office.
A credit for IMF Special Drawing Rights for 9.5 million would be used for the development of projects in rural border communities, under the Ministry of Agriculture."
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