Minister of Finance and Economic Affairs Chris Sinckler and Ambassador for the People’s Republic of China in Barbados Wei Quiang signed the banking agreements and accounting procedures for the financing at Government Headquarters yesterday.

Sinckler confirmed the money would support four agreements, three of which were discussed by Prime Minister Freundel Stuart with his Chinese counterpart Premier Wen Jiabao while on an official visit to the People’s Republic of China earlier this year.

These included a letter of exchange to facilitate the installation of a new modern scoreboard at the Garfield Sobers Complex, and a memorandum of understanding between the Ministry of Education and Human Resource Development and the Ministry of Education of the People’s Republic of China to send a Chinese language teacher to Barbados.