The Grenada government has started to utilise a US$67 million loan from China Export and Import company to upgrade the Maurice Bishop International Airport, according to a statement posted on the website of the Ministry of Finance.
Work to be done at the airport includes resurfacing of the existing runway and pavement of runway shoulders, construction of an aircraft turning bay, apron and taxiway expansion.
The project was announced by Chinese officials at the sod-turning ceremony in October 2020, as another milestone for the bilateral cooperation under the ‘Belt and Road’ initiative.
The Belt and Road initiative is a strategy initiated by China that connects Asia with Africa and Europe via land and maritime networks by improving regional integration, increasing trade and stimulating economic growth.
China has contributed to many infrastructure projects in the Caribbean and this is the latest.