LEAP takes next step with $326M grant
June 1, 2004
Establishment of a Business Incubator Unit (BIU) along with infrastructure repairs are among upcoming projects for the Linden Economic Advancement Programme (LEAP) as it begins its third work programme with a 1.42 million euros ($326M) boost from the European Union (EU).
Also targeted in this year's programme is the development of an industrial site, repairs to the West Watooka road, upgrading of the Moblissa Road and the upgrading of the alumina plant wharf, a release from the Delegation of the EU Commission said yesterday.
"These infrastructure projects are expected to assist the region in attracting investment and will be done in direct support of the private sector," the release said.
The terms of the third work programme were agreed and signed at Watooka House in Linden yesterday.
Prime Minister Samuel Hinds was expected to have had a first hand look at the projects stated under the LEAP project prior to signing the work programme.
Among the other areas stressing the importance of agriculture, will be training programmes in conjunction with the National Agricultural Research Institute (NARI).
"The agricultural strategy for Region Ten is being viewed as the way forward to transform existing and potential farmers to become commercially competitive to ensure their sustainability," the release said. Technical assistance will be provided to aid in the diversification of crops as well as accessing new markets while the potential of the livestock dairy and meat is investigated.