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Corozal to receive major infrastructure, economic and tourism boost

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Posted: Monday, October 29, 2018. 11:14 am CST.

By BBN Staff: Prime Minister Dean Barrow today informed Belizeans that the Corozal district will receive a major boost in infrastructure, economic development and tourism.

These investments are triggered by the announcement that the President Elect of Mexico intends to reduce taxes in Chetumal area with a view to make the area more like a free trade zone.

The Corozal initiative will support export development, particularly in services and include more development in the Corozal Free zone.

According to PM Barrow, the Inter-American Development Bank is assisting Belize to prepare a development plan for the Corozal Free Zone.

Barrow reported to the nation today that the initiative includes attracting businesses, particularly business processing outsourcing (BPO) entities to invest in the Corozal district.and the Free Zone.

It includes offering special exemptions to businesses willing to relocate to Corozal, including special tax rebates on land and development costs and other tax incentives.

The BPO initiative will be supported by the launch of a digital skills development training program in the Corozal district.

To stimulate tourism in the district, the Government of Belize and the Belize Tourism Board will construct a Welcome Center in Corozal in 2019.

In addition, the Belize Tourism Board is looking at preparing a tour package and marketing it to attract tourists to visit Corozal. Direct flights to bring tourists from Cuba is being negotiated and plans are in place to include a shopping tour package to the Corozal Free Zone.

The Government along with the Taiwanese government will also conduct major infrastructural improvement in the district.

The PM reported that the road from Corozal to Sartaneja will be paved and the two (2) ferries along this road will be replaced with bridges.



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