Chinese Government provides $47.5 million grant for Grenada National Stadium Reconstruction Project (Linked to Record ID#39889)

On March 24, 2005, China agreed to fund a project to rebuild Grenada's national stadium (Queen's Park), estimated to cost about 113.4 million XCD (42.5 million USD).

According to a 2017 Grenada government source, the total amount of grants provided is valued at 15 million USD in 2005 and 47.5 million USD in 2006. This project captures the 47.5 million USD provided in 2006. The 2005 financing is captured in 39889.

It should be noted however that the financing was reported to be 77.5 million EC in a 2006 Budget Speech, and 40 million USD in a 2007 Budget Speech.

It should also be noted that the Chinese Embassy has claimed that the Chinese Government provided 88 million EC to rebuild Grenada's national stadium in 2005. The 15 million USD is recorded as it is from the most recent government source.

The stadium was destroyed in 2004 by Hurricane Ivan, but was rebuilt by Chinese and Grenadian workers by September 2006 to be used in the 2007 Cricket World Cup.

Five agreements were signed at this meeting, which included assistance in rebuilding the national stadium complex, two financial grants, agricultural funding, and scholarships for 10 Grenadian students to study in China. One of the grants was for 8.5 million USD for housing and development programs.