Government provides update on climate-resilient infrastructure project


Views :

Posted: Sunday, July 24, 2022. 10:05 a.m. CST.

By Aaron Humes: The government of Belize has revealed that eight years after it first received a US$30 million loan from the World Bank for a climate-resilient infrastructure project, most of the money has devoted to more urgent needs caused by the COVID-19 pandemic.

This will require, he said, locating additional funding opportunities to advance the project’s original objectives: to improve the resilience of road infrastructure against flood risk and other climate change impacts; and improve the ability to respond quickly and effectively to a qualifying crisis or emergency, as required.

A statement noted: “The implementation of this project took six years to begin with one-third of the loan ($10 million) disbursed solely to conduct feasibility studies during this period.”

The remaining US$20 million, with the Bank’s agreement, has been reallocated to immediate needs in the fight against COVID, including the provision of relief under the unemployment program, the food and other assistance. A total of US$12 million was allocated to social protection measures and US$8 million to the agricultural sector in the form of vouchers for farmers.

We will seek further clarification on this matter from relevant ministries and government departments.

Advertise with Belize’s Most Visited News Site ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belgium and abroad! contact us at [email protected] or call us at 501-601-0315.

© 2022, This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprinting in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT CONSTITUTES THEFT AND IS PUNISHABLE BY LAW.


Comments are closed.