Thursday, September 28, 2023
  • Contact Us
The Caribbean Post
Advertisement
  • Current News
    • Politics
    • Business
  • Tech News
  • Education
  • Entertainment
    • Travel
    • Lifestyle
  • Health
    • Recipes
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad
No Result
View All Result
The Caribbean Post
  • Current News
    • Politics
    • Business
  • Tech News
  • Education
  • Entertainment
    • Travel
    • Lifestyle
  • Health
    • Recipes
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad
No Result
View All Result
The Caribbean Post
No Result
View All Result
Home Business

Montserrat US$46M port development now underway

Staff by Staff
June 21, 2022
in Business
0
Montserrat US$46M port development now underway
2
SHARES
12
VIEWS
Share on FacebookShare on Twitter

BRADES, Montserrat – The construction phase of the US$ 46 million Montserrat Port Development Project, which will increase accessibility and improve trade opportunities for the island’s residents, is now underway, following the official ground-breaking.

You might also like

TrinaTracker secures order for 108MW smart solar tracking system in Colombia

WTO: Public Forum looks at how investment facilitation agreement can support sustainable future

Countries can tap tax potential to finance development goals

The project is being financed with £28.3M (US$36.8mn) in grant funding from UK aid through the United Kingdom Caribbean Infrastructure Fund (UKCIF) which is administered by the Caribbean Development Bank, and US$9.2M from the government of Montserrat.

The Project involves the development of climate-resilient port facilities which will enhance the delivery of port services, increase accessibility to the island and improve the country’s connectivity with the rest of the world. Montserrat will also benefit from better access to goods and services for citizens, expanded economic activity and increased trade.

Speaking at the ground-breaking ceremony held at the Montserrat Port Authority in Little Bay, CDB’s vice president, operations, Isaac Solomon, said:

“In this global environment, countries must be able to trade efficiently in order to prosper. The Montserrat Port Development Project will be one of the largest projects implemented in Montserrat in recent times and, on completion, it is expected that this new facility will provide direct, positive impacts on the economy through the potential for increased employment, improved productivity, and overall improvements in the business environment in Montserrat.”

Governor of Montserrat, Sarah Tucker, said:

“The UK government understands how pivotal the Little Bay Port Development Project is for Montserrat’s revitalisation, economic development, and sustainability. As governor, I was so pleased to receive confirmation that the UK was able to make a tangible demonstration of its continued support for our wonderful Island, by increasing the funding for this project from £14 million to over £28 million.”

The £350 mn UK Caribbean Infrastructure Fund (UKCIF) provides grant funding for climate-resilient infrastructure projects in nine Caribbean countries.

Credit: Source link

Tags: developmentMontserratPortunderwayUS46M
Previous Post

Sri Lanka’s one-time Asia’s role model becomes a bankrupt nation

Next Post

UK launches ambitious trade deal with Gulf nations

Staff

Staff

Related Posts

TrinaTracker secures order for 108MW smart solar tracking system in Colombia
Business

TrinaTracker secures order for 108MW smart solar tracking system in Colombia

by Staff
September 21, 2023
WTO: Public Forum looks at how investment facilitation agreement can support sustainable future
Business

WTO: Public Forum looks at how investment facilitation agreement can support sustainable future

by Staff
September 21, 2023
Countries can tap tax potential to finance development goals
Business

Countries can tap tax potential to finance development goals

by Staff
September 21, 2023
New WTO export regulations and controls
Business

New WTO export regulations and controls

by Staff
September 21, 2023
Bank of St Lucia goes All-In on Clearwater
Business

Bank of St Lucia goes All-In on Clearwater

by Staff
September 20, 2023
Next Post
UK launches ambitious trade deal with Gulf nations

UK launches ambitious trade deal with Gulf nations

Recommended

UK sets out five-point economic action plan for the G20

UK sets out five-point economic action plan for the G20

November 14, 2022
How to Attract Diaspora Job Candidates to Your Business – Silicon Caribe

How to Attract Diaspora Job Candidates to Your Business – Silicon Caribe

October 6, 2022

Categories

  • Business (877)
  • Current News (394)
  • Education (34)
  • Entertainment (135)
    • Lifestyle (67)
    • Travel (23)
  • Health (397)
    • Recipes (309)
  • Politics (38)
  • Tech News (90)
  • World (3,483)
    • Antigua (28)
    • Aruba (30)
    • Barbados (28)
    • Barbuda (28)
    • Dominica (29)
    • Dominican Republic (29)
    • Guadeloupe (538)
    • Guyana (888)
    • Haiti (28)
    • Jamaica (28)
    • St Lucia (27)
    • Suriname (28)
    • Tobago (884)
    • Trinidad (889)

Don't miss it

Stick of Butter Rice – Immaculate Bites
Recipes

Stick of Butter Rice – Immaculate Bites

September 27, 2023
Early warning systems crucial for climate adaptation—report
Current News

Early warning systems crucial for climate adaptation—report

September 26, 2023
Easy Broiled Salmon Recipe – Immaculate Bites
Recipes

Easy Broiled Salmon Recipe – Immaculate Bites

September 25, 2023
10 Best Pet-Friendly Resorts in Jamaica
Lifestyle

10 Best Pet-Friendly Resorts in Jamaica

September 22, 2023
Sweet Potato Waffles – Immaculate Bites
Recipes

Sweet Potato Waffles – Immaculate Bites

September 22, 2023
TrinaTracker secures order for 108MW smart solar tracking system in Colombia
Business

TrinaTracker secures order for 108MW smart solar tracking system in Colombia

September 21, 2023
The Caribbean Post

This is an online news portal that aims to share latest news about Africa, Caribbean and other countries of Africa with respect to business, entertainment, breaking updates and stuff like that. Feel free to get in touch!

Categories

  • Business
  • Current News
  • Education
  • Entertainment
    • Lifestyle
    • Travel
  • Health
    • Recipes
  • Politics
  • Tech News
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad

Browse by Tag

announces Barbados Bites Business Caribbean Caribe climate COVID COVID19 Cup development Dominica economic energy food France French global growth Guadeloupe Guyana Guyanas Guyanese Health Immaculate international Jamaica Local man Minister National News oil police President Room Route Silicon support Tobago Tobagos trade Trinidad weather World

Recent News

Stick of Butter Rice – Immaculate Bites

Stick of Butter Rice – Immaculate Bites

September 27, 2023
Early warning systems crucial for climate adaptation—report

Early warning systems crucial for climate adaptation—report

September 26, 2023
Easy Broiled Salmon Recipe – Immaculate Bites

Easy Broiled Salmon Recipe – Immaculate Bites

September 25, 2023
10 Best Pet-Friendly Resorts in Jamaica

10 Best Pet-Friendly Resorts in Jamaica

September 22, 2023

2022© Design by CodingBite | Powered by LuxamaMedia.

No Result
View All Result
  • Current News
    • Politics
    • Business
  • Tech News
  • Education
  • Entertainment
    • Travel
    • Lifestyle
  • Health
    • Recipes
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad

2022© Design by CodingBite | Powered by LuxamaMedia.