News Column

United States : CARIBBEAN DEVELOPMENT BANK allocates loan for road upgrades

August 5, 2014

The Caribbean Development Bank will soon allocate a $9.05 million loan to St Vincent and the Grenadines for upgrades to the country s road network.

According to the bank, the funding will aim 2 major arteries in the country, with the aim of making the Windward and Vigie highways more resilient to natural disasters.

The CDB commented The loan will fund restoration of critical infrastructure at high risk of failure along both highways, including slope and embankment stabilisation, bridge repairs and construction. The upgrade programme also includes construction and rehabilitation of river defences along the Yarabaqua and Caratal rivers, and rehabilitation of sections of the feeder road network.

The bank stated that it was delivering technical assistance for landslide risk assessment and slope stabilization aspects of the project, as well as a design study for selected sections of the highway.

In addition, the CDB even granted $221,000 to cover the cost of equipment for rainfall and stream flow measurement.

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Source: TendersInfo (India)

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