The government will be tapping into a new funding scheme to assist in bank rolling the coast associated with road construction in Antigua and Barbuda.

Prime Minister Gaston Browne said talks are underway with a financial institution to raise between $50 to $100 million.

Government is also considering increasing the Transport Licensing Fees, monies raised through this will be used to borrow between $50 to $$100 m to offset am ambitious road development plan.

“I can’t see anybody making an issue about probably paying an extra $100 on your vehicle licenses to get better roads, because you will get better roads,” Browne said.

He adds that the alternative is fixing the roads incrementally which he believes will take some time.

“All those contractors who may be a bit idle, we can put all of them to work and just really nice up the place.

While addressing potential concerns about the fee increase, the Prime Minister reassured citizens that the additional revenue would be exclusively allocated to improving the nation’s infrastructure.

He presented the proposal as a vital measure to address the needs of a growing population and to enhance the overall quality of life for all residents.

This announcement is part of the government’s larger strategy to tackle pressing infrastructure challenges, including significant investments in water supply systems, renewable energy, and housing development.

Browne emphasized the significance of these initiatives, describing his administration as “transformative” and fully dedicated to empowering the people of Antigua and Barbuda.