13 Million still Available for Infrastructure Print E-mail
( 1 Vote )
Written by Administrator   
Thursday, 07 March 2013 00:00

InfrastructureIn December of last year, the Belize City Council became the first in the Caribbean to successfully float a bond to fund municipal development. The value of the three-tranche bond was 20 million dollars and 54 streets later there is still enough to go around to do more than what was projected.

Mayor Darrell Bradley has announced that there are still 13 million dollars left for infrastructure work after the council has done 54 streets as well as retired a 2 million dollar overdraft facility at the banks. According to the mayor some 4.5 million dollars has been invested in the streets and other work in the city and there is still enough for over 50 streets more.