China to fund Antigua-based projects

Signing follows talks between the two countries led by Prime Minister Baldwin Spencer from Antigua and Barbuda, and Vice Minister in the Ministry of Commerce of the People’s Republic of China, Gao Huncheng.

ST. JOHN’S, Antigua, Wednesday March 21, 2012 – The People’s Republic of China and the Antigua and Barbuda government have signed four agreements based on economic and technical co-operation.

According to the agreement, the Chinese have agreed to make 30 RMB accessible to the Antiguan government for the development of its projects, and a further 30 million RMB for the construction of the Five Islands Secondary School.

Another agreement signed was for the maintenance of the Sir Vivian Richards Cricket Stadium at a cost of 6.4 million RMB.

This signing follows talks between the two countries led by Prime Minister Baldwin Spencer from Antigua and Barbuda, and Vice Minister in the Ministry of Commerce of the People’s Republic of China, Gao Huncheng.

The discussions involved the two countries having a closer working relationship in the areas of tourism, education, culture, agriculture and health. Click here to receive free news bulletins via email from Caribbean360. (View sample)