CDB grants $161M for study of sea defences, designs

The Board of Directors of the Caribbean Develop-ment Bank (CDB) last week Monday approved a grant of $161 million, the equivalent of GBP603,000 (1GBP = $268) to fund a feasibility study and designs for the rehabilitation of the coastal and river infrastructure in the Georgetown area.

According to a media bulletin issued last Friday by the CDB, the project will cover the reconstruction of the facilities at the major river passenger and goods-transport hubs at the Stabroek Market and