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Belize receives grant for upgrading of Corozal Free Zone access road

Posted: Thursday, January 12, 2023. 1:34 pm CST.

By Zoila Palma Gonzalez: Today, the Ministry of Economic Development (MED) announced that the Central American Bank for Economic Integration (CABEI) has approved a non-reimbursable grant of BZ$1,948,074 to finance the rehabilitation of the access road of the Corozal Free Zone (CFZ).

Chief Executive Officer for the Ministry of Economic Development, Dr. Osmond Martinez stressed how important this infrastructural enhancement is as the funds will facilitate convenience and safety for drivers as well as attract investment and economic opportunities.

The access road is approximately 1.6km long, connecting the Santa Elena Bridge to the entrance of the Corozal Free Zone.

It is expected that the rehabilitation of the road will commence in March of this year.

Martinez also extended gratitude to Dr. Dante Mossi, President of CABEI, and said that he is looking forward to the continued partnership.

 

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