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Chinese want in on sugar factory

rhondathompson, [email protected]

Chinese want in on sugar factory

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It is still early days, but the Chinese are trying to fund a multi-purpose sugar factory in Barbados.
As the island moves towards a single factory in a restructured sugar industry, Minister of Finance Chris Sinckler said interest in the project had come from companies in China and in Europe.
“The Chinese have been very keen to access the $1.2 billion fund that has been made available by the China Development Corporation for us to look at but we have not reached that stage yet because we are in the process of building the appropriate figures for the intervention at that level,” he noted.
Sinckler said Minister of Agriculture Dr David Estwick would provide more details on the industry’s future. He made the disclosure recently following an all-day country portfolio review between officials of Government and the European Union Delegation to Barbados and the Eastern Caribbean at the Lloyd Erskine Sandiford Centre. (GE)