China Approves Million-Dollar Loan for MBIA Upgrade

Phase 1 Low Income Housing Project at Mt Gay, St George

The construction of Phase 2 of the Chinese housing project in Grenada is expected to start later this year. The government in Beijing has approved Phase 2 of the project, paving the way for the start of construction in about 2 months.

Prime Minister Dr Keith Mitchell received the good news during a recent meeting with the Chinese Ambassador to Grenada Ambassador Dr Zhao Yongchen. Ambassador Yongchen was officially welcomed at the start of his 4-year tenure earlier this year.

The 2nd phase of the low-income housing project involves the construction of units in 6 districts across the tri-island state including Dumfries in the sister isle of Carriacou. Technical teams from China as well as the Ministry of Works have been visiting the 6 sites throughout the year to prepare the design for the project.

China is now tendering for a construction company to do the work, another plus for the Grenadian housing sector which has been made a priority by the Keith Mitchell government. Phase 1 was completed a few years ago with more than 350 units distributed.

Additionally, the Government of the People’s Republic of China has approved a concessional loan for the upgrade of the Maurice Bishop International Airport (MBIA) valued at US$66 million. China Harbour is the construction company assigned to carry out the upgrade work.

China’s Vice Minister of Commercial Affairs is expected in Grenada later this month to sign the 2 agreements with the Government of Grenada.

GIS

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One thought on “China Approves Million-Dollar Loan for MBIA Upgrade

  1. Annette Williams

    I agree with some of the comments. Keith Mitchell is selling his soul and the freedom of his people to the devil

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