The Belize Social Investment Fund and the Corozal Town Council officially inaugurated an annex to the Town Market as well as some refurbished streets in that municipality. The official ceremony took place earlier today.
The market facility measures about two hundred and twenty square metres with fifteen market stalls, making the facility more spacious and pleasant with the objective of creating opportunities for vendors to foster and enhance their livelihoods and to serve as a central meeting point for the residents. The addition to the market is valued at just under two hundred and ninety nine thousand dollars.
Meanwhile the streets that have been paved are First Street South and Sixth Avenue with the drivers, shoppers and pedestrians in mind. The completion of these two streets now complements the infrastructural street project of First Street North thus significantly contributing to a better traffic flow. The street works were done at just over three hundred and ninety thousand five hundred and forty three dollars.
The funding for both projects was sourced through a loan from the World Bank under the Belize Municipal Development Project (BMDP) with counterpart funding of three percent by the Corozal Town Council.
The rehabilitated Corozal Town Market was re-opened for business last week Friday. The Social Investment Fund has been overseeing the upgrading of the market which came at an estimated cost of almost 299 thousand dollars.
The project was funded by loan from the World Bank under the Belize Municipal Development Project.
Shoppers and vendors can now make use of 15 new market stalls and a compound which spans 220 square meters. The Mayor of the Town was one of the main speakers at last Friday's opening ceremony. Here's what he had to say:
Belize Social Investment Fund & Corozal Town Council Inaugurates Rehabilitated Town Market Annex & Streets for Corozaleños
The rehabilitated Corozal Town Market Annex and surrounding streets built by the Government of Belize at an estimated cost of $298,757.30 and $390,543.00 respectively through a loan from the World Bank under the Belize Municipal Development Project (BMDP) with counter-part funding of three-per cent by the Corozal Town Council was officially inaugurated on Friday, April 8, 2016.
The market facility occupies over 220 square meters. This will create opportunities for vendors to foster and enhance their livelihoods, serve as a central meeting point for the people of Corozal and surrounding communities to exchange goods, produce, ideas, interact and create meaningful opportunities in the pursuit of continued socio-economic development.
Vendors and shoppers will also enjoy the convenience of 15 market stalls due to the ambiance of a more spacious, pleasant and safer environment for all. In addition, the completion of the streets infrastructure project will also contribute to the transformation of the market for a healthier environment and enhancement of the aesthetics of the market.
In this regard, the paved surrounding streets namely 1st St South & 6th Avenue will facilitate, and provide Corozaleños in particular pedestrians and drivers with better access to smoother road surfaces; thus enabling men, women and children to traverse this area much easier in their daily lives.
Belize Social Investment Fund is government’s poverty-reduction flagship addressing the basic needs of Belizeans through socio-economic initiatives and community empowerment; and it is within this context, completed the Corozal Town Market and Streets’ project.
The BMDP is a $30 million dollar project financed by the Government of Belize through a loan from the World Bank. The project, which aims to provide much needed infrastructure in seven major municipalities in the country, is being implemented by the Project Implementation Unit (PIU) of the BMDP, under the umbrella of the Social Investment Fund; and aims to provide access to basic municipal infrastructure, and enhance municipal management in selected Town and City Councils of Belize: Belmopan, Benque Viejo del Carmen, San Ignacio and Santa Elena, Dangriga, Punta Gorda, Corozal and Orange Walk.