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New Haulover Bridge on the way Print E-mail
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Thursday, 26 October 2017 00:00

On a daily basis there are between 6,500 and 7 thousand vehicles that travel on the Haulover bridge from the Airport into Belize city and between 11,000 and 11,800 that travel on the bridge in the opposite direction. Engineers say the loading capacity of the bridge has long been exhausted and the reality is that the bridge is surviving basically on borrowed time. Time and again there have been repairs done on the bridge but when inspections are done on the underside it is quite evident that the bridge has very little time left.

With that in mind, on Friday October 27th government introduced a bill at the National Assembly for it to borrow 12 million U.S. dollars for the construction of a new bridge to replace the Haulover Bridge. The bill was read three times and the Senate debated it and was passed.

Under the terms of the loan, the Government will borrow U.S. 12 million dollars for the construction of a new bridge to replace the Haulover Bridge from the OPEC Fund for International Development (OFID). The loan will be for 20 years with a grace period of 5 years and payment at a semiannual basis will be made of U.S. $400,000 starting on July 15, 2022. Under the terms of the loan it will bear a concessionary interest rate of 2.5% per annum on the principal amount.

The financing will cover 68 percent of the construction of the bridge itself which will be 147 meters long and 20 meters wide with pedestrian sidewalks on each side. Also included in the construction will be road work on the approach, river protection, installation of drainage infrastructure as well as protection and safety features.

Last Updated on Thursday, 26 October 2017 17:06