Government is allocating $1.59 million for projects and programmes sidelined by the COVID-19 pandemic.
Of that figure, just under $17 million is earmarked for the Ministry of Maritime Affairs, while the Ministry of Transport, Works and Water Resources should receive close to $90 million.
This was revealed by Minister in the Ministry of Finance Ryan Straughn during debate on the Appropriation (Amendment) Bill, 2020, in the House of Assembly yesterday.
With these allocations, Barbados’ fishing industry will be given a major boost with major improvements to the infrastructure at fisheries complexes, while the road network will see much needed improvements, beginning with Phase 1 of the Highway 1 Rehabilitation Project due to start next week.
While introducing the bill, Straughn told the House the legislation was being brought “in the midst of the fact that we continue from a budgetary perspective to monitor very carefully” the performance of revenue and expenditure. He gave the assurance Government had the financing which would “very comfortably” take it to the end of this financial year, despite the predicted shortfall in revenue.