Roseau, Dominica – December 16, 2008………..The Government of Prime Minister, Hon. Roosevelt Skerrit has secured a soft loan of US$9.16 million from the Barbados-based Caribbean Development Bank to assist in financing the rehabilitation of sea defences and road works in the village of Point Michel damaged by the passage of Hurricane Omar.
The Board of Directors of the Caribbean Development Bank approved the amount at their meeting in Barbados last week.
The project is designed to assist in the speedy rehabilitation of Point Michel’s sea defences and road infrastructure and the restoration of its productive capacity. This includes the restoration of road links which facilitate the movement of people and goods to the villages along the south-western coast of Dominica.
Hurricane Omar also caused extensive damage to Dominica’s fishing industry. Boat engines, fishing equipment and boat houses in 13 communities along the west coast were also damaged and more than 500 fishermen were affected.