Friday, June 5, 2015

Belize to receive US$2.4 million in grants from CARICOM Development Fund

The prime minister of Belize, Dean Barrow and the chief executive officer of the CARICOM Development Fund (CDF), Lorne McDonnough, signed an agreement in Belize City recently for two grant agreements: US$2.3 million for the construction of the new Haulover Bridge, a key conduit of the Northern Highway; and US$162,000 to support energy efficiency projects for the private sector.

The CDF’s grant contribution for the construction of the new Haulover Bridge estimated to cost US$9.0 million in total will be co-financed by the Caribbean Development Bank (CDB) and the government of Belize. The other grant will be managed by the Development Finance Corporation (DFC) and disbursed to firms to retrofit their operations and install solar power generation to make them energy efficient and competitive.

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