Haiti’s Caracol Industrial Park to Receive New $50 Million IDB Grant

By: Caribbean Journal Staff - September 18, 2012

Above: construction at Haiti’s Caracol Industrial Park earlier this year

By the Caribbean Journal staff

Haiti’s Caracol Industrial Park will soon receive a $50 million grant, following approval by the Inter-American Development Bank.

Over the next six years, the IDB plans to provide as much as $180 million in grants for the park, which is being built on a 250-hectare plot and could mean as many as 40,000 jobs.

The IDB first approved a grant of $55 million for the park in July of last year, with Korean firm Sae-A, a garment manufacturer, signing the first occupancy agreement at the park.

Haiti’s Societe Nationale des Parcs Industriels owns the facility, along with another in Port-au-Prince, and is reportedly in negotiations with a number of firms interested in setting up shop in the Caracol area.

Haiti’s Peintures Caribes painting firm was the second tenant to sign on at the park, with initial plans for a total of 160 workers at the park; the company reportedly has expanded its plans to as many as 300.

The United States government is providing $124 million in grants for the project.

The IDB, the leading multilateral donor in Haiti, has approved $590 in new grants in the country since Haiti’s 2010 earthquake, with $479 million to support projects in areas including agriculture, education, energy, transport, water and private sector development.

In an interview with Caribbean Journal last year, Jose Agustin Aguerre, the manager of the Haiti Country Department for the IDB, spoke more about the organization’s work in Haiti.

Popular Posts cape santa maria

The Best Caribbean Beach Resort You’ve Never Heard of 

There’s a boat just offshore called “Escape.”  It’s bobbing in some of the most brilliant, dynamic turquoise water I’ve ever seen, a few meters from a stretch of sand so bright and so white you have to squint to look […]

Marriott Is Opening Its New St Regis Resort In Aruba 

aruba st regis inside the restaurant with chairs

It was more than a decade ago that Marriott opened its first-ever Ritz-Carlton resort in the Dutch Caribbean: the Ritz-Carlton, Aruba, which at the time was the island’s first true five-star resort.  Fast forward to 2024, and Marriott is set […]

From All-Inclusive Resorts to Beaches, Travelers Are Falling in Love With Antigua and Barbuda

antigua barbuda frontier airlines the peninsula with sand

The plunge-pool villas at Hammock Cove. The historic streets of Nelson’s Dockyard. Pool days at Sheer Rocks. Unforgettable honeymoons. Vibrant meals of pepperpot and fungee. Beach bar hopping on the south coast. Endless serenity in Barbuda.  Travelers keep flocking to […]

Related Posts haiti spirit airlines cap-haitien

Spirit Relaunches Flights to Cap-Haitien, Haiti

Spirit Airlines has relaunched its flights from Fort Lauderdale to Cap-Haitien on the northern coast of Haiti.  The low-cost carrier resumed the service between Fort Lauderdale-Hollywood International Airport and Cap-Haitien International Airport on Dec. 3.  The service is the only […]

Eastern Airlines Is Launching Flights to the Dominican Republic

dominican republic eastern airlines

The revived Eastern Airlines is back in the Caribbean.  The new iteration of the once-legendary carrier is set to launch expanded Caribbean flights in December with service to Santo Domingo, Dominican Republic.  Eastern Airlines will be launching twice-weekly flights from […]

From The Bahamas to Jamaica, The Talking Heads’ Caribbean Love Story

bahamas talking heads jamaica

Talking Heads drummer Chris Frantz’s new book, Remain in Love, is a billet-doux to his bandmate and wife of more than 40 years, bassist Tina Weymouth, as well as documenting the couple’s musical journey together — first, as part of […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You