China Plans $4.7 Billion Renovation of Haitian Capital

Welcome news for Haiti !

re posted from                     EXECUTIVE INTELLIGENCE REVIEW

China Plans $4.7 Billion
Renovation of Haitian Capital

by Cynthia R. Rush

Sept. 5 (EIRNS)—On Aug. 25, Ralph Youri Chevy, mayor of the Haitian capital, Port-au-Prince, formally accepted a $4.7 billion proposal from China’s Southwest Municipal Engineering Design and Research Institute (SMEDRIC), to renovate and rebuild that city, including its port, over the next three years, providing all the infrastructure required to modernize the capital and uplift its impoverished population. This nation of ten million, which shares the island of Hispaniola with the Dominican Republic, has never recovered from the effects of the January 2010 earthquake that killed 250,000 people, injured tens of thousands more, and wiped out what little infrastructure existed.

continue reading HERE

Leave a Reply