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Belize : CDB approves US$29 million loan to BELIZE

May 30, 2014

The Caribbean Development Bank has approved a US$29 million loan to Belize.

The loan will be used to fund the upgrade of 9.81 kilometers which is about 6 miles of the Philip Goldson Highway.

According to the release, this upgrade is expected to reduce congestion as well as improve safety on the highway which passes through the Orange Walk and Corozal Districts.

It also refers to the Haulover Bridge and states that, A key aspect of the project will be the implementation of climate adaptation features during the upgrade and rehabilitation phases in order to reduce climate change vulnerability of the road and bridge.

US$111, 000 loan will be used to get women involved in the road works.

The release further adds that the Ministry of Works and Belizean contractors will address gender equality and social inclusion in current and future construction projects.

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Source: TendersInfo (India)

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