Haiti to Receive $40.5 Million Grant For Caracol Industrial Park

By: Caribbean Journal Staff - January 2, 2014

Above: the Caracol Industrial Park in Haiti (IDB Photo/Patricio Zambrano-Barragán)

By the Caribbean Journal staff

Haiti will soon receive a $40.5 million grant to help expand the country’s Caracol Industrial Park, following approval by the Inter-American Development Bank.

The IDB said the resources would help the government’s efforts “to attract more job-generating investments in an economically disadvantaged but potentially productive region.”

The park, which opened in April 2012, has signed four tenants totaling 3,000 jobs.

The first two phases of the Caracol park project received $105 million from the IDB. The United States government donated the electricity generation plant that powers the park’s factories.

The IDB said the new grant would include resources for “small infrastructure projects” in local communities, including road improvements, bicycle lanes and bus stops.

The IDB is financing a total of $1.4 billion in projects in Haiti.

Popular Posts belize hotel mayan world

At the Falling Leaves Lodge in Belize, a Portal to the Maya World

SAN IGNACIO — There has been some form of settlement on this site for more than 3,000 years, here on a leafy hill above the town of San Ignacio, Belize. In other words, this is no ordinary hill. This is Cahal Pech, […]

In San Ignacio, Belize, The Art of Adventure (And Pupusas)

pupusas belize

The sizzle is calling you. In the early morning, corn tortillas stuffed with cheese and beans and meat sing a particularly strong siren song.  It could be that perfect blend of dough and heat, or the aroma. It might just […]

Delta Is Adding More Nonstop Curacao Flights, Citing “Booming Demand”  

the beach at the avila hotel in curacao

Curacao is hotter than ever, with a wave of new hotels and record-breaking tourism numbers. And just a few months after Delta made its long-awaited return to the island, the carrier is adding even more flights.  The reason? What Delta […]

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