{"id":19390,"date":"2012-03-14T13:02:12","date_gmt":"2012-03-14T17:02:12","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=19390"},"modified":"2012-03-14T23:14:33","modified_gmt":"2012-03-15T03:14:33","slug":"idb-13-million-keep-roadworks-moving","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/03\/idb-13-million-keep-roadworks-moving","title":{"rendered":"IDB Provides $13 Million To Keep Roadworks Moving"},"content":{"rendered":"<figure id=\"attachment_19394\" aria-describedby=\"caption-attachment-19394\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-19394\" title=\"roadworkers\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/03\/roadworkers.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/03\/roadworkers.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/03\/roadworkers-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-19394\" class=\"wp-caption-text\">road works<\/figcaption><\/figure>\n<p>An alarmed Inter-American Development Bank (IDB) is providing $13 million in retroactive financing to prevent a &#8220;cash flow shortfall&#8221; from bringing the New Providence Road Improvement Project to a temporary halt.<\/p>\n<p>A report on a proposed $65 million IDB loan, necessary to provide the financing to complete the project, said that without bridging a $77 million &#8216;funding gap&#8217;, the civil works budget would be &#8220;depleted&#8221; as of this month.<\/p>\n<p>The IDB report indicated that its total lending to the Bahamas with respect to the New Providence Road Improvement Project might even exceed $206 million.<\/p>\n<p>Noting that it had provided initial financing of $62 million when the project was first conceived in 2001, the IDB said this was supplemented by a further $100 million loan in May 2008, giving an &#8220;amalgamated budget of $162 million&#8221;. Now, the proposed $65 million loan would, on the surface, take the Bahamas&#8217; total borrowing from the IDB for just this project to $227 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Inter-American Development Bank (IDB) pumped in an urgent &#8216;retroactive&#8217; $13 million more to keep the roadworks project from shutting down. Total borrowed from the IDB is now $227 million.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[83,24,134],"class_list":["post-19390","post","type-post","status-publish","format-standard","hentry","category-business","tag-banks","tag-construction","tag-money"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/19390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=19390"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/19390\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=19390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=19390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=19390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}