The Scotland District Road Rehabilitation Project is expected to create a number of jobs.
Minister in the Ministry of Finance, Ryan Straughn, told the House of Assembly that the fallout from covid-19 pandemic has put significant strain on government’s finances, a situation now compounded by the effects of the Ukraine war.
He was seeking to explain why the loan from a Chinese Bank is necessary.
Mr. Straughn says such sources of funding are critical for key projects and disclosed that the low-interest loan comes on highly concessional terms.