Financial Insanity? Barbados gets loan from CDB to conduct road studies, why not Reconstruction?

{EDITOR’s NOTE: Didn’t David Thompson in his first Budget in 2008 change Road Tax from $266 to $400 per person? Why are we borrowing money to do what the revised levy was to provide?}

The Freundel Stuart regime will undertake a series of road improvement studies which will be financed with a loan of just over two million US dollars from the locally based Caribbean Development Bank. The Bank’s Board of Directors voted to provide Barbados with the loan.

The studies are aimed at enhancing the local Ministry of Transportation and Works’ (MTW) capacity to prepare a technical and economically viable programme of capital works that will result in a more efficient and safer road network.

Former Transport Minister, John Boyce is at Right... what did he do while in the Ministry, upgrade his car? That may be transport but it's not what Bajans are expecting!

Former Transport Minister, John Boyce is at Right… what did he do while in the Ministry, upgrade his car? That may be Transport-related, but it’s not what Bajans are expecting!

Among the priority areas for the studies will be the upgrade of the Ronald Mapp highway, a critical link in the country’s road network; the replacement of bridges in the Scotland District, many of which are over 40 years old and have exceeded their design lives; and improving road safety on the country’s roads.

The main challenges facing the road sub-sector in Barbados are the capacity of the existing network to accommodate increasing traffic flows, the increasing maintenance burden on the MTW due to the aging infrastructure and the relatively high incidents of road accidents.

Over the last three years it is estimated that the direct expenditure on capital works and maintenance of roads over the last three years in Barbados stands at USD 99 million. {EDITOR’s NOTE: Love to know where, does asphalt cost that much? All I saw was bare Pothole Brigade!}

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.


add a comment

Some HTML is OK

or, reply to this post via trackback.