Posted: Friday, November 15, 2019. 3:19 pm CST.
By BBN Staff: On November 14, the Governments of Belize and Taiwan officially broke ground in Corozal signaling the start of the Corozal/Sarteneja Road Project.
The Government of Belize signed a contract on October 21 with Overseas Engineering and Construction Company Limited S.A., the Taiwanese firm that will oversee the upgrade of the road.
The contract is for the design and upgrading of 43.2 km (27 miles) of road, including the construction of two bridges to replace old ferries at Pueblo Nuevo and Laguna Seca.
Once completed, the new road will provide a direct and all-weather link between Corozal Town on the Northern Highway and many of the communities to the east of the Progresso Lagoon-John Piles Creek–Laguna Seca Waterway System, including the village of Sarteneja.
A loan agreement was signed between the Government of Belize and the Export-Import Bank of the Republic of China (Taiwan) (EXIM Bank) for a sum of US $50 million on September 9 to fund the road project.
It is expected to be completed within 54 months after the contract signing.
At the ceremony, Minister of Works, Rene Montero and Taiwanese Ambassador, Remus Li Kuo Chen, were joined by other government officials and representatives of the Embassy of Taiwan.
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