Belize has taken a significant step toward enhancing its transportation infrastructure with a $12.5 million loan agreement signed with the Kuwait Fund for Arab Economic Development. The funding, secured during the World Bank and IMF Annual Meetings, will be allocated to modernize an 18-mile segment of the George Price Highway, stretching from Belmopan to La Democracia. The ambitious project includes the construction of new service lanes, upgraded bridges, and 16 dedicated bus stop lanes, all aimed at improving safety, efficiency, and convenience for commuters and trade activities. This collaboration builds on a long-standing partnership between Belize and Kuwait, which dates back to the 1990s. Over the decades, the Kuwait Fund has supported Belize in developing critical roadways such as the Southern Highway, the Hummingbird Highway, and the Caracol Road. The agreement was formalized by Belize’s Financial Secretary, Joseph Waight, and Waleed Al-Bahar, Acting Director General of the Kuwait Fund. This initiative underscores Belize’s commitment to advancing its infrastructure and fostering economic growth through strategic international partnerships.
