Haiti to Receive $70 Million Grant to Expand Caracol Industrial Park
Above: a power plant at the Caracol Industrial Park
By the Caribbean Journal staff
Haiti will be receiving $70 million in grant funding to expand its business facilities at the Caracol Industrial Park in the north of the country.
The funding is coming in the amount of $55 million from the Inter-American Development Bank, co-financed by the US government to the tune of $15 million.
The aim of the funding is to expand facilities and “create above-board jobs” in northern Haiti.
The programme aims to create 6,800 jobs by 2018 in companies operating out of the industrial park, according to the IDB, with 65 percent held by women.
The focus of the financing will be on the construction of buildings and factories for industrial activities, the IDB said, along with the expansion of roads and public services.
