The government will be borrowing additional funding to ensure the completion of the US$20 million road and highway rehabilitation project.
That is according to Parliamentary Secretary within the Ministry of Works and Housing Senator Michael Freeland who indicated that the aim is to borrow an additional US$20 million dollars to assist with the program.
Earlier this year, the Government secured 20 million US dollars from the British Government which was earmarked for a major rehabilitation project that is to be conducted on some of the nation’s roadways and sidewalks.
However due to the fall in the value of the pound as a result of BREXIT the nation’s leader made known during the recently held 37th heads of Government meeting in Guyana that his administration may have to borrow funds to ensure the completion of the project.
The project is expected to target areas including Friars Hill Road, Anchorage Road, a part of Airport road, Factory Road, Herbert’s main Road, parts of Valley Road, as well as Old Parham road leading to English Harbour. A new road connecting Old Road and Falmouth will also be constructed.