Search Result for: 5 million

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Westin St John Resort & Villas Planning $35 Million Expansion

Above: a rendering of the new pool area By the Caribbean Journal staff The Westin St John Resort & Villas is planning a $35 million expansion and renovation project, the resort and Starwood Vacation Ownership announced Wednesday. The project will […]

Jamaica Receives $9.5 Million in Budget Support From EU

Above: Finance Minister Dr Peter Phillips By the Caribbean Journal staff Jamaica has received $9.46 million USD in budgetary support from the European Union. The funding, which is being provided through a grant agreement, will help in the “implementation of […]

Jamaica’s Hedonism II Undergoing $5 Million in Renovations

Above: a rendering of a renovated room at Hedonism II By the Caribbean Journal staff The Hedonism II resort in Negril, Jamaica has begun a $5 million renovation project. The move comes after the property was sold to Marshmallow Limited […]

LIAT Shareholders Sign Agreement For $65 Million CDB Loan

Above: a new LIAT plane By the Caribbean Journal staff LIAT shareholder governments Antigua and Barbuda, Barbados, St Vincent and the Grenadines, Dominica and Barbados have signed off on a $65 million loan from the Caribbean Development Bank. The loan, […]

Haiti Signs $41.5 Million Contract to Reconstruct University Hospital

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff Haiti’s government and the International Health Group have signed a $41.48 million contract to rebuild the Hospital of the State University of Haiti. The $41.48 million in funding is part of […]

LIAT Shareholders Getting $65 Million Loan to Modernize Fleet

Above: a new LIAT plane By the Caribbean Journal staff Four shareholder governments of Caribbean air carrier LIAT will be receiving a total of $65 million in loans from the Caribbean Development Bank to support the purchase of new aircraft […]

Haiti Marriott Project Receiving $26.5 Million in Financing From IFC

Above: a rendering of the hotel By the Caribbean Journal staff The Marriott hotel project in Haiti’s Port-au-Prince is receiving $26.5 million in financing from the IFC. Turgeau Developments SA, which is sponsored by Digicel, will be receiving the funding […]

Haiti to Receive $25 Million IDB Grant For Energy Sector Reform

Above: the Peligre hydro plant By the Caribbean Journal staff The Inter-American Development Bank has approved a $25 million grant for energy sector reform in Haiti. The donation will include $22 million from the IDB Grant Facility and $3 million […]

Haiti Receives $15 Million IDB Grant For Agricultural Reforms

Above: an irrigation channel (IDB Photo/Paul Constance) By the Caribbean Journal staff Haiti is set to receive a $15 million grant from the Inter-American Development Bank to support reforms in the country’s agricultural sector. Farming currently accounts for around half […]

China Begins $5 Million Flood Mitigation Project in Grenada

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada has broken ground on a flood mitigation project on the St Mark’s River. The $5 million project, which is expected to be completed in a year, seeks to secure the […]

Taiwan Presents $5 Million Grant to Belize For Infrastructure Projects

Above: Belize Prime Minister Dean Barrow and Taiwan Prime Minister David CK Wu By the Caribbean Journal staff Taiwan has granted $5 million to the government of Belize for infrastructure projects. The funding, which was officially presented by Taiwanese Ambassador […]

China Earmarks $31.5 Million For Grenada Stadium Project

Above: Grenada (CJ Photo) By the Caribbean Journal staff China’s government has earmarked $31.49 million for the rebuilding of the National Athletic and Football Stadium in Grenada, according to Prime Minister Dr Keith Mitchell. The project is part of what […]

Jamaica Plans $4.5 Million in Funding for Small Business Sector

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica has earmarked approximately $4.45 million in funding for micro, small and medium-sized enterprises in the country for fiscal year 2013/2014, according to Industry Minister Anthony Hylton. Of that money, which […]

Kerzner International Completes $145 Million Debt Refinancing

Above: the Atlantis on Paradise Island By the Caribbean Journal staff Kerzner International has completed the refinancing of $145 million of the company’s debt, it announced this week. The company, which operates properties including the One & Only Ocean Club […]

Haiti: Sean Penn’s J/P HRO Receives $8.75 Million Grant for Housing Project

Above: Haiti (Photo: JP/HRO) By the Caribbean Journal staff Sean Penn’s J/P Haitian Relief Organization has signed a grant with Haiti’s government for an $8.75 million project to help residents in J/P HRO-managed camps to return to their neighbourhoods. Haiti’s […]

Guyana Receives $5 Million IDB Grant for Low-Carbon Economy

Above: Guyana’s Kaietur Falls By the Caribbean Journal staff Guyana will receive a $5 million grant from the Inter-American Development Bank to support the country’s low-carbon development path. The programme will help create incentives for investment in Guyana’s low-carbon sectors. […]

UNICEF Launches $11.5 Million Appeal for Children in Haiti

Above: a girl walks through flooded streets in Cap-Haitien during Hurricane Sandy in Haiti (UN Photo/Logan Abassi) By the Caribbean Journal staff The United Nations Children’s Fund is launching an appeal for $11.5 million in Haiti as part of a […]

Haiti: Designs Released for $5 Million Football Stadium in Cite Soleil

Above: a rendering of the project By the Caribbean Journal staff Project Phoenix has officially unveiled the designs for its planned football stadium in Haiti. The 12,000-seat, $5 million stadium in Port-au-Prince’s Cite Soleil neighbourhood is the brainchild of Delos’ […]

Rihanna Donates $1.75 Million to Barbados’ Queen Elizabeth Hospital

Above: Rihanna Barbados-born singer Rihanna has donated $1.75 million to the Queen Elizabeth Hospital in Barbados, E! News reported. The singer’s donation aims to commemorate her grandmother Clara “Dolly” Brathwaite, who passed away in June. “This was my way of […]

Ross University Renews Agreement in St Kitts; Plans $25 Million Expansion

Above: Ross University in St Kitts (CJ Photo) By the Caribbean Journal staff Ross University School of Veterinary Medicine has signed a 25-year renewal of its partnership agreement with the government of St Kitts and Nevis, the school announced this […]

Trinidad Receives $246.5 Million IDB Loan for Environmental Conditions

By the Caribbean Journal staff Trinidad will be receiving a $246.5 million loan from the Inter-American Development Bank for a programme to improve the country’s environmental conditions. The loan will finance the first phase of a $546.5 million, three-phase programme […]

Haiti Receives $17.5 Million Grant to Promote Investment, Exports

Above: an atelier in Haiti (Photo: Clinton Bush Haiti Fund) By the Caribbean Journal staff The Inter-American Development Bank has approved a $17.5 million grant to promote investment and development in Haiti, the Bank announced. The grant aims to strengthen […]

Anguilla’s CuisinArt Golf Resort & Spa Reopens Following $15 Million Renovation

Above: the CuisinArt Golf Resort & Spa in Anguilla By the Caribbean Journal staff The CuisinArt Golf Resort & Spa in Anguilla has reopened for season following a $15 million renovation to the property. The three-month project made changes to […]

UN: Without Adequate Help, 1.5 Million in Haiti at Risk of Food Insecurity in 2013

Above: small children are most vulnerable to the residual impact of Hurricane Sandy (World Food Programme Photo/Elio Rujano) By the Caribbean Journal staff More than 1.5 million people in Haiti could be at risk of food insecurity in 2013 if […]

Haiti: IDB Planning $17.5 Million Grant for Road, Bridge Reconstruction

Above: flooding in Haiti (MINUSTAH Photo: Logan Abassi) By the Caribbean Journal staff The Inter-American Development Bank expects to approve a $17.5 million grant to help Haiti’s government finance the reconstruction of roads and bridges destroyed by Hurricane Sandy. The […]

Haiti Gets $15 Million IDB Grant to Help Reform Agricultural Policy

Above: an irrigation channel in Haiti (IDB Photo/Paul Constance) By the Caribbean Journal staff Haiti has received a $15 million grant from the Inter-American Development Bank to help modernize the country’s agricultural policies and institutions. The grant will be complemented […]

Barbados Cabinet Approves $188.5 Million Green Energy Complex at Landfill

Above: Barbados Prime Minister Freundel Stuart (UN Photo/Marco Castro) By the Caribbean Journal staff Barbados’ cabinet has approved the $188.5 million USD Mangrove Pond Green Energy complex at the Mangrove Pond landfill. The approval of the project, which will include […]

Grenada Signs $10.5 Million Agreement With OPEC Fund to Renovate Schools

Above: St George’s, Grenada (CJ Photo) By the Caribbean Journal staff Grenada has signed a $10.5 million loan agreement with OPEC’s Fund for International Development to be used for the repair and renovation of 10 schools and 17 kitchen facilities […]

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