Prime Minister Hon. Dr. Ralph Gonsalves while speaking on radio last week discussed the various sea and river defence projects that are currently in progress in the country.
“The sea defense and river defense projects are extremely expensive, I’ve spoken on this before, we’re doing several resilience projects, two of them are big sea defense ones” Gonsalves said.
The Prime Minister made mention of the defense projects taking place in San Souci and Georgetown.
“That is about 100 or so meters, it’s not as difficult as the one up in Georgetown and it is 10 or 11 million dollars, the one in Georgetown is a number close to 25 Million dollars.”
Prime Minister Gonsalves went on to state that the funds for the projects came from the World Bank.
“It’s World Bank money, very soft loans, that is the only way we can properly do these sea defense projects, with soft loans from world banks, CDB or we get grants from the European Union, hugely expensive.”