Jamaica highway project funding from China

A loan from China will help pay for work on a major highway project in China. The US$326 million loan is being supplied by the Exim Bank of China. This will help pay for Jamaica’s Southern Coastal Highway Improvement Project. The funding will also help pay for the extension of the tolled east-west highway from May Pen, Clarendon to Williamsfield, Manchester. In all the highway work is expected to cost $384 million, with Jamaica paying for the remainder from its own budget.