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South Korea and Dominican Republic sign agreement on airports

South Korea and Dominican Republic sign agreement on airports

Seoul, Oct 5 (Prensa Latina) The South Korea Airports Corporation (KAC) on Tuesday announced the signing of a memorandum of understanding for bilateral cooperation with the Dominican Republic Airport Department.

Under the agreement, the KAC will participate in several airport projects being promoted in the Caribbean nation and will bid for the construction of a new airport in the Dominican town of Pedernales.

The project, valued at some 2.1 billion dollars, is scheduled for completion in the third quarter of 2024.

The South Korea Airports Corporation also announced that it will create a platform of plans for the airport sector covering all Latin America.

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