Construction of an electricity grid in Taiwan’s Caribbean ally Haiti is expected to begin before the end of this year, a Ministry of Foreign Affairs (MOFA) official said Thursday.

The deal is now in the final stage as an on-site investigative team from Taiwan is making final checks in Haiti, Yui Tah-ray (俞大㵢), director-general of MOFA’s Department of Latin American and Caribbean Affairs, told a press briefing in Taipei.

Meanwhile, the government is also helping Haiti to secure a US$150 million loan from the Export-Import Bank of the Republic of China, a government-funded bank that offers credit insurance for foreign investment originating in Taiwan, to pay for the project.

Once the deal is signed, the project will officially begin, Yui added. Continue reading

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