The St. Lucia government says it will next week sign a multi-million dollar loan agreement with the OPEC Fund for International Development to partially finance the cost of planned construction work along the Julian Hunte Highway, north of here.
Prime Minister Phillip J Pierre said that the agreement will be signed on the margins of the ongoing the World Bank meetings in New York, adding ‘so the funding arrangements needed for the Gros Islet Highway have been completed.
‘The money for the reconstruction is coming from OPEC and the Kuwaiti Fund. We got $33 million in funding,’ he said.
Pierre said that the work is now taking place to widen the Vieux Sucrieux Road, so to help help alleviate vehicular traffic during construction along the JHH.
‘We are working on the Vieux Sucrieux road in the meantime, in order to alleviate traffic when work starts on the highway, and next year, all things being equal, we will get work done on the Vieux Sucrieux bridge.