Dominica Secures $41 Million Loan for Roseau Enhancement Project

Roseau, Dominica – The Government of Dominica has made a significant leap towards modernizing its capital city with a newly finalized loan agreement from the Saudi Fund for Development (SFD). The agreement, signed on Saturday at the Douglas-Charles Airport, was executed by Hon. Dr. Irving McIntyre, Minister for Finance, Economic Development, Climate Resilience, and Social Security, and H.E. the CEO of the SFD.

The approved loan, amounting to US$41 million (EC$111 million), will be allocated to the Roseau Enhancement Project. This initiative aims to transform the capital city through substantial infrastructure upgrades, urban beautification, and measures to stimulate economic growth.

On Saturday, the Government of Dominica finalised a loan agreement with the @SaudiFund_Dev for Development Fund (SFD) to advance the Roseau Enhancement Project.

The agreement was signed by the Minister for Finance, Economic Development, Climate Resilience and Social Security,… pic.twitter.com/uG1kqTCTOx

— Roosevelt Skerrit (@SkerritR) September 16, 2024

This development marks a pivotal moment in Dominica’s efforts to revitalize Roseau, enhancing both the city’s aesthetic appeal and its functional infrastructure. The project promises to bring about a range of improvements, contributing to the overall sustainable growth of the region.

The loan, which received parliamentary approval earlier, represents a significant step forward in Dominica’s broader vision for urban development and economic advancement.

For further updates on the Roseau Enhancement Project and other government initiatives, stay tuned to Vision Newspaper.