Kuwait & Belize signs $26m loan agreements

Kuwait & Belize signs $26m loan agreements

RIYADH: Major road infrastructure projects in Belize and Saint Lucia will get a boost after the Kuwait Fund for Arab Economic Development signed two concessional loans totaling 8 million Kuwaiti dinars ($25.6 million).



The Belize project forms part of a broader national infrastructure program with a total cost of approximately $42.7 million.

  

“Under the first agreement, KFAED will provide the government of Belize with a loan of KD4 million ($12.8 million) to contribute to financing the George Price Highway (Belmopan-La Democracia Section) project,” KFAED said in a statement.

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