News
August 13, 2010
SVG gets grant from Taiwan

This country was presented with US$2.3 million of a US$4.5 million grant from Taiwan on Tuesday.{{more}}

Leo Lee, Taiwan’s Ambassador to St. Vincent and the Grenadines, presented the cheque for EC$6,185,389.70 to Prime Minister Dr. Ralph Gonsalves at Cabinet Room.

Gonsalves said $1.12 million will go to the Cross Country Road, $2.6 million to the reconstruction of the Colonaire Bridge, and $788,350 for the building of the Calliaqua Town Hall.

The Community Poverty Alleviation Programme will be allocated $969,650, while $435,000 will help to rehabilitate the Kamacabou and Lively roads in South Windward.

A further $435,000 will go to the Agricultural Training Institute in North Windward.

“I want to thank again the government of the Republic of China on Taiwan for this,” Gonsalves said.

He said public servants are fine-tuning several other projects, after which Taiwan will disburse a further US$2.2 million.

Lee said the money is from the grant that his government gave for the Cross Country Road and is hence a transfer of funds.

He said the money will be used to finance the first three quarters of the project and funds for the final stages will be disbursed based on progress reports.

Lee said that the government of SVG has always used Taiwan grant monies “well”, and his government appreciated this. (KXC)