Three financing agreements totalling 62.3 million Belize Dollars in European Union Grant Funds were signed today in Belmopan by Prime Minister Dean Barrow and Head of the European Commission Ambassador to Belize, Marco Mazzocchi Alemanni.

The money is for the period 2010 - to 2015 and will be used on Rural Development, paving of the road from Orange Walk Town to San Lazaro and paved roads for Patchakan to Xaibe, Calcutta to Xaibe - Xaibe, and San Roque to Xaibe .

The overall objective of the third agreement is to contribute to poverty reduction and improve the standard of living for sugar dependent communities in Northern Belize.

Channel 7