Limited for the rehabilitation of the Caracol Road from Georgeville; that contract is for just under fourteen million dollars. The signing ceremony took place at the Ministry of Works office in Belmopan. Minister Rene Montero was the signee on behalf of the Government of Belize.
Hon. Rene Montero, Minister of Works: “Caracol project is very important because it will benefit five villages in the area mainly Cristo Rey, San Antonio, Seven Miles, Three Miles and Georgeville. Also these areas are agricultural areas and also a large majority of the people living in this area depend on jobs from resorts, they are involved in tourism, also a lot of tour guides will be able to get employment in the area and we feel that Caracol has a lot of potential in terms of increased tourism coming into the area and also it will benefit the farmers in the area because it will reduce time for them to reach to their farm and to go deliver their produce to the market. The Coastal Highway also is very important because it will offer a link from Belize City and beyond to the southern districts. This road was won by Construciona S.A, a Mexican firm who is very reputable and it’s a joint venture with Mr.Emir Hernandez. The road will take about three years to be completed and it is funds from the CDB (Caribbean Development Bank) and the British High Commission.”
The British High Commission is one of the contributors for the Coastal Highway. Present at this morning’s signing was the Deputy British High Commissioner, Claire Bruce.
Claire Bruce, Deputy British High Commissioner: “The United Kingdom is really very proud to work in partnership with the Government of Belize and the Caribbean Development Bank and be here to witness the contract signing for the Coastal Highway Operating Project today. The Caribbean is a really important region for the UK and a key Commonwealth Partner for Britain. The $330 million pound UK Caribbean Infrastructure Fund was announced in 2015 as a flagship UK initiative to reinforce our commitment to the Caribbean and to help remove some of the key barriers to the growth in the region. Belize has been allocated $42.4 million pounds in grant funding to help upgrade the Coastal Road and the Philip Goldson Highways. The program is being managed by the Caribbean Development Bank. $25.1 million pounds is for the Coastal Highway that we’re here to talk about today. The project, which is in partnership with the Government of Belize and CDB will upgrade,-I know you’ve just heard it- approximately 59 kilometers of the road network, associated bridges, drainage works, linking the George Price Highway to the Hummingbird Highway significantly shortening the distance between the south to Belize City.”
Other funding agencies are the Caribbean Development Bank and the OPEC Fund for International Development.