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CDF signs financing for Belize projects

Posted: Tuesday, May 26, 2015. 6:55 pm CST.

Tuesday, May 26th, 2015. Aaron Humes Reporting: The CARICOM Development Fund (CDF) has signed to provide financing for multiple projects in Belize including the redeveloping of the Philip Goldson (Northern) Highway and Haulover Bridge and assistance to small and medium-sized business enterprises in Belize totaling $6.5 million.vlcsnap-2015-05-26-16h31m42s86

Ambassador Lorne McDonough, the chief executive officer of the CDF, notes that the grant of US$2.3 million (BZ$4.6 million) for the replacement of the bridge and expected widening of the highway ensures that traffic and safety concerns are addressed as well as environmental compliance, not to mention development of business through the expanded highway.

Ambassador McDonough also announced the release of funds for a group of projects intended to help bring Belize into the CARICOM Single Market and Economy (CSME).vlcsnap-2015-05-26-16h31m29s209

Prime Minister Dean Barrow, signing for and on behalf of Belize, spoke briefly to the value of the projects Belize signed for, saying that with regard to the Haulover Bridge grant it brings the plans for development of that area of Belize City together. Co-funding is provided by the Caribbean Development Bank (CDB).

The CDF, according to Ambassador McDonough, maintains a committee that will manage the development and implementation of the projects.



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