Previous Thread
Next Thread
Print Thread
USD$34.3 Million upgrade to the Philip Goldson Highway #549416
04/10/21 04:53 AM
04/10/21 04:53 AM
Joined: Oct 1999
Posts: 79,820
oregon, spr
Marty Offline OP

Marty  Offline OP
The Government of Belize is financing a USD$34.3 Million upgrade to the Philip Goldson Highway and Remate Bypass, through a loan from the Caribbean Development Bank.

Prime Minister Hon. John Briceño introduced the loan Motion at the Special Sitting of the House of Representatives on Friday, April 9.

The project covers the upgrade of the Highway from mile 24.5 to mile 92, and will buy 6.9 acres of land to widen and re-align the road.

The project will also build structures to create safe school zones in the many communities along the road corridor.

The entire value of the project is estimated at USD$59.8 Million, of which GoB is to provide USD$8.8 Million in counterpart financing.

USD$21.3 million of the loan is for ordinary capital resources, and GoB will repay in 48 equal quarterly installments over a five year period, at a 3.75% annual interest rate after a 5 year grace period, beginning from the date of the loan contract.

A USD$13 Million part of the loan is for Special Fund Resources, to be repaid in 80 equal, quarterly installments over a 20 year period after a 5 year grace period, at 1% annual interest rate, on the outstanding portion of the loan.

The Reporter

Re: USD$34.3 Million upgrade to the Philip Goldson Highway [Re: Marty] #549428
04/11/21 07:28 AM
04/11/21 07:28 AM
Joined: Jun 2001
Posts: 1,442
Mine Hill NJ
dabunk Offline
dabunk  Offline
Thought GOB was broke but adding way more debt???

Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
Maruba Beach Klub and Spa is the premiere Secret Beach spa and restaurant located on the crystal blue waters of the Caribbean Sea at the center of Secret Beach, Belize
First Class Accommodations for the Budget Traveler
First Class Accommodations for the Budget Traveler

Things to do
Specials & Events
SPTB Calendar of Events

Daily News
Daily Weather

Classified Ads
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Love FM
The Reporter
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites
To Get Your Questions Answered

Event Guides
Event Calendar
Specials & Events
Things to Do
Cayo Event Calendar

San Pedro Scoop!
Tia Chocolate
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Belize Happy Adventures
Conch Creative
Caribbean Culture & Lifestyle
More Blogs...
Search thousands of Belizean-only websites
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We handle all aspects of the purchase of your Real Estate in Belize. From in depth property searches to your final closing.
Click for Ian Anderson's Caves Branch, Welcome to a World of Adventure
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
ShoutChat Box
Who's Online Now
0 registered members (), 79 guests, and 0 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Most Online7,413
Nov 7th, 2021 HELP! Visitor Center Goods & Services San Pedro Town Message Board Lodging Diving Fishing Things to Do History Maps Phonebook Belize Business Directory Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.7.1