The Bank of China and the Foreign Trade Bank of China will provide $462 million in financing for a tourism project in the eastern Dominican Republic being led by Spanish investors, tourism officials in that Caribbean country said.
The transaction marks the first Chinese capital investment in the Dominican Republic and will permit completion of the initial stage of the exclusive Punta Perla complex in the tourist resort of Punta Cana, located in the easternmost province of La Altagracia
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