In a recent address to the country’s national parliament this week, Prime Minister Gaston Browne has delivered a key update on the financing of a critical national infrastructure initiative, confirming that the government has yet to access any funds from the $100 million loan facility specifically allocated to the National Road Project.
When fielding questions from parliamentary representatives about the current status of the planned financing, Browne clarified that no proceeds from the earmarked credit have been drawn down or received by the administration to date. The full $100 million facility remains entirely untouched, with no disbursements having been processed since the facility was approved for the infrastructure scheme.
“We have not received any proceeds from the loan as yet. It remains undrawn, but we hope to commence accessing the facility from later this month,” the prime minister told legislative members during the question-and-answer session.
The multi-million dollar loan is designated exclusively to support the National Road Project, one of the government’s flagship public works programs. The core goal of this large-scale initiative is to upgrade and expand the Caribbean nation’s existing domestic road network, addressing longstanding infrastructure gaps, improving connectivity between communities, reducing travel times, and supporting long-term economic growth across the country.