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Multi-million dollar project set for Cave Cay in The Exumas with signing of HOA

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By LINDSAY THOMPSON
Bahamas Information Services
#TheBahamas, March 24, 2023 – Exuma is set to get an economic shot in the arm with the development of Cave Cay to the tune of $550 million, under a Heads of Agreement between the Bahamas Government and Cave Cay Limited developers.
The HOA signing ceremony took place at the Office of the Prime Minister on Monday, March 20, 2023. Present were the Hon. Philip Davis, Prime Minister; the Hon. Chester Cooper, Deputy Prime Minister and Minister of Tourism, Investments and Aviation; Secretary to the Cabinet Nicole Campbell; Phylicia Woods-Hanna, Director of Investments, Office of the Prime Minister; Felipe MacLean, CEO of Cave Cay Ltd., and other officials.
Deputy Prime Minister Cooper said,  “This is a continuation of the renaissance that we are seeing in the Exumas.”
He further observed that it is going be a “deepening and strengthening our already vibrant product”, while providing hundreds of jobs in construction for Bahamians who reside on the Exuma Cays, and elsewhere.
And, according to Prime Minister Davis, the development demonstrates efforts in expanding the tourism product, and the level of confidence the international community has in the local tourism brand.
Cave Cay CEO MacLean envisioned that “Cave Cay will be the best resort in the world,” and that the development is not expected to have an adverse impact on the environment.
Total completion of the project is expected to take eight years. The first phase to be completed within the next two years, with between 250 – 500 employees at full capacity and at least 80 per cent Bahamians employed.
The company has partnered with DISCOVER Collection, a high-end resort company for the management and branding of the destination.  It will be a boutique resort and marina constructed on Cave Cay, an exclusive 220-acre private island in the heart of the Exuma Cays, with deep-water harbour, private marina and private landing strip.
The resort will have an aggregate of 70 bedrooms and will be comprised of a 45-key boutique hotel — 17 over the water units, 23 ocean view units, and 5 four-bedroom villas.
There will also be a residential component that includes 214 residences consisting of 38 estate homes, 92 villas, and 84 cottages, among other amenities.Photo Captions: 
Header: A Heads of Agreement was signed between the Bahamas Government, and Cave Cay Limited developers for the creation of a $550 million resort on the Island of Exuma. The HOA signing ceremony took place at the Office of the Prime Minister on Monday, March 20, 2023. Pictured from left: the Hon. Chester Cooper, Deputy Prime Minister and Minister of Tourism, Investments and Aviation; the Hon Philip Davis, Prime Minister and Minister of Finance; Nicole Campbell, Secretary to the Cabinet; and Felipe MacLean, CEO of Cave Cay Ltd.
1st insert: The Hon. Philip Davis, Prime Minister and Minister of Finance greets Felipe MacLean, CEO of Cave Cay Ltd. and officials, during a press conference for the signing of a Heads of Agreement between the Bahamas Government, and Cave Cay Limited developers for a $550 million resort on the Island of Exuma. The HOA signing ceremony took place at the Office of the Prime Minister on Monday, March 20, 2023.2nd insert: The Hon. Chester Cooper, Deputy Prime Minister and Minister of Tourism, Investments and Aviation addressing a press conference for the signing of Heads of Agreement between the Bahamas Government, and Cave Cay Limited developers for a $550 million resort on the Island of Exuma. The HOA signing ceremony took place at the Office of the Prime Minister on Monday, March 20, 2023. Also pictured are the Hon. Philip Davis, Prime Minister; Felipe MacLean, CEO of Cave Cay Ltd; and Javier Guerra, CIO, Cave Cay Ltd.
BIS Photos/Kemuel Stubbs

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RTCIPF Observes World Down Syndrome Day

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On March 21st, 2024, the Royal Turks and Caicos Islands Police Force joined the international, regional and local communities in observing World Down Syndrome Day. 

Officers showed their support by wearing brightly coloured and mismatched socks to raise awareness. 

The head of the Safeguarding and Public Protection Unit, Assistant Superintendent of Police Grantley Williams, Training Manager Mrs Odessa Forbes and Media Relations Officer Denyse Renne visited the SNAP Centre and interacted with the students.

In a message to the TCI community, the RTCIPF noted that stereotypes perpetuate stigma and hinder inclusion, preventing individuals from reaching their full potential. 

Instead, the RTCIPF calls for individuals to foster an environment of acceptance and support where everyone is valued for who they are. 

By breaking down barriers and challenging misconceptions, we can create a more inclusive society where individuals with Down Syndrome are empowered to live fulfilling lives and contribute meaningfully to their communities and, by extension, the TCI. 

As law enforcement officers, we must protect and serve all members of society, regardless of their abilities. 

Let’s work together to ensure that individuals with Down Syndrome are treated with dignity and respect and that their rights are upheld.

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CARICOM speaks out on Climate Change, looking to May meeting to amplify call for Climate Funding

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March 3, 2024

 

The Caribbean Community (CARICOM) remains on the frontlines of global climate crisis, an issue the Region has been aggressively advocating on for the past thirty years. Despite the many commitments and promises of international partners, the window of opportunity to limit global warming to 1.5 degrees Celsius above pre-industrial levels is rapidly closing.

Heads of Government are concerned that while COP 28 was widely regarded as a historic event, with the completion of the first global stocktake (GST), on progress in achievement of the Paris Agreement goals, the outcomes of GST show that emissions of greenhouse gases continue to rise and the nationally determined contributions (NDCs) of Parties will not keep global temperatures below the 1.5 degree goal enshrined in the Paris Agreement.

Heads of Government also expressed concern to be heading to COP 29 where a New Finance Goal will be articulated to replace the 100bn goal, which has not yet been met, even as developing countries require trillions to deal with the escalating impacts of climate change. Developed country parties have not provided enough finance at scale, technology and capacity building support required to help developing countries tackle their pressing needs to build their resilience, especially in adapting to the adverse and increasingly catastrophic impacts of climate change. The clear absence of definitive timelines for action and quantitative commitments for scaling up of investments, and particularly adaptation finance emerging out of COP 28, cause great concern to our Region.

The Conference noted that Small Island Developing States (SIDS), recognized as the most vulnerable group of countries and a special case for sustainable development, have been facing strong push back against the recognition of their special circumstances especially in the context of climate finance. There is limited international support for special allocations for SIDS within financing arrangements and available climate finance from international and private sources is limited, expensive and too onerous to access.

In light of the preceding, Heads of Government called for CARICOM to take a strategic, unified and coordinated approach to ensure that the Region remains influential in the climate and development arena through engagements with key partners and advocacy groups.

They called for renewed focus by the Region to advocate for inclusion of forests, nature-based solutions and blue carbon into market mechanisms with the aim of articulating clear regional positions and strategies.

Heads of Government reiterated the call for improved readiness programmes, simplified approval procedures, a change to the criteria for determining access to low-cost finance, and for the adoption of programmatic approaches to address the bottlenecks in accessing finance.

The Region reiterates its support for the Bridgetown Initiative’s call to expand capital adequacy of international financial institutions.

Heads recognized that the Fourth International Conference on Small Island Developing States, scheduled to be held in Antigua and Barbuda, 27 – 30 May 2024, will be an inflection point for many of these discussions to be articulated. As such, the Region remains committed to participating in the Conference at the highest level.

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South Caicos Development Plans shared with Washington-Misick led Administration

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On Monday, 12 February 2024, the Premier led a delegation to tour the island of South Caicos to view the ongoing public and private sector projects, involving the remodelling and rebranding of the airport terminals, historical districts, and the East Bay Hotel.

The tour of the various developments reinforced the Government’s commitment to collaborating with stakeholders to boost the island’s activity and economy.

Photos courtesy of the TCI Office of the Premier

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