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- Upgrading of Caracol Road Project, Phase II
Upgrading of Caracol Road Project, Phase II
Belize
| Borrower | Belize |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Transportation |
| Approved | 11.12.2019 |
| Signed | 08.06.2020 |
| Status | Ongoing |
| Loan Administrator | OPEC Fund |
| Executing Agency | < Not listed > |
| Co-financiers | KFAED, Government of Belize |
| OPEC Fund Contribution (US$m) | 10.00 |
| Total Project Cost (US$m) | 36.84 |
To improve connectivity, promote economic activity (especially tourism) and raise living standards by upgrading a 42.9 km stretch of road, building eight bridges and installing drainage and road safety features.