Caribbean Infrastructure - Page 7 of 18

Government of Jamaica and IFC partner on US$2 billion infrastructure development initiative
September 12, 2024
The Government of Jamaica and the International Finance Corporation (IFC) have formalized a partnership to implement a portfolio of infrastructure projects valued at approximately US$2 billion. The IFC will serve as Jamaica’s advisor on Public-Private Partnerships (PPPs), aiming to improve the nation’s investment climate and drive infrastructure development. Source: Jamaica Loop News
Digicel commits to restoring and enhancing internet connectivity in Carriacou and Petite Martinique ffter Hurricane Beryl
August 29, 2024
After Hurricane Beryl severely impacted Carriacou and Petite Martinique, Digicel has committed to restoring and improving internet connectivity in the region. Digicel has worked to ensure businesses and individuals have internet access and is now focused on enhancing fixed-line services to support Grenada’s recovery. Source: Caribbean Loop News
Kingston Harbour Walk Project to enhance climate resilience in Jamaica with US$1.4 million grant from CDB
August 29, 2024
Over 600,000 people in Kingston, St. Andrew, and Port Royal, Jamaica, will benefit from the Kingston Harbour Walk (KHW) Project, aimed at enhancing climate resilience and infrastructure along Kingston Harbour. The project, supported by a US$1.4 million grant from the Caribbean Development Bank (CDB) focuses on protecting the seventh-largest natural harbor in the world, which […]
Puerto Rico to use US$30 million federal loan for 15 water projects
August 29, 2024
Puerto Rico is set to undertake 15 water projects funded by a nearly US$30 million federal loan. The funding will support significant repairs, improvements, and new construction, likely addressing damage from Storm Ernesto. Source: BNAmericas
The Bahamas launches consultation on 5G roadmap
August 29, 2024
The Bahamas has initiated a consultation process on a draft roadmap for 5G deployment, seeking input from market players to address potential regulatory and policy issues. Source: BNAmericas
CDB partners with IFIs and private sector to boost private investment and infrastructure development in the region
August 15, 2024
The CDB has partnered with six International Financial Institutions (IFIs) and private sector entities to boost private investment in the region. As public financing tightens, the CDB, in collaboration with the Global Infrastructure Facility (GIF), aims to advance infrastructure development in emerging markets by encouraging private investment. Source: Dominica News Online
World Bank enhances digital education in Saint Lucia with 20 smart classrooms and teacher training
August 15, 2024
With the support of the World Bank, 20 smart classrooms have been equipped across Saint Lucia’s eight educational districts. This initiative, part of the Caribbean Digital Transformation Project, involves training 35 teachers to utilize these digital tools, benefiting over 4,500 primary school students. The project aims to enhance digital access in the Caribbean Source: The […]
Hurricane Beryl triggers record US$44 million payout to Grenada from regional catastrophe insurance fund
July 19, 2024
Hurricane Beryl’s recent impact on the Caribbean led to a record US$44 million payout to Grenada from the Caribbean Catastrophe Risk Insurance Facility (CCRIF). This payout includes US$42 million for cyclone insurance, US$1.1 million for fisheries insurance, and US$549,000 for excess rainfall. Source: Insurance Journal
Dominican Port Authority announces construction of Barahona Port
July 19, 2024
The Dominican Port Authority (Apordom) announced the construction of the Barahona port is underway. The port is funded by a US$2 billion public investment sourced from the entity’s revenues. Source: Dominican Today