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North Eleuthera International Airport to get $55 million upgrade

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His Excellency Mr. Sultan Abdulrahman Al-Marshad, Chief Executive Officer, Saudi Fund for Development, and Prime Minister and Minister of Finance the Hon. Philip Davis share a moment.

By LINDSAY THOMPSON
Bahamas Information Services

NORTH ELEUTHERA, The Bahamas –– The country’s third busiest airport is set to get an economic boost through a multi-million-dollar upgrade to its facilities.

(Prime Minister addressing)

On Monday, September 9, 2024 scores of excited residents witnessed the formalization of a $55 million Loan Agreement between the Government of the Commonwealth of The Bahamas and Saudi Fund for Development.

The Signing Ceremony took place just beyond the runway of the North Eleuthera International Airport, which is set for massive expansion and upgrade to adequately service the outlying districts of Harbour Island and Spanish Wells, as well as a growing private jet air traffic schedule.

Prime Minister and Minister of Finance the Hon. Philip Davis led a delegation of high-ranking government officials including Deputy Prime Minister and Minister of Tourism, Investments and Aviation the Hon. Chester Cooper; Senator the Hon. Michael Halkitis, Minister of Economic Affairs; the Hon. Clay Sweeting, Minister of Works and Family Island Affairs; Dr. Kenneth Romer, Deputy Director General of Tourism and Acting Director of Aviation; and Paul Bevans, chairman, Airport Authority.

Also present was His Excellency Mr. Sultan Abdulrahman Al-Marshad, Chief Executive Officer, Saudi Fund for Development, Riyadh, Kingdom of Saudi Arabia, and his delegation.

(Residents & Officials)

“Today marks an important chapter for this island, and it is a privilege to witness Eleuthera’s tremendous progress firsthand,” said Prime Minister Davis.

Eleuthera, historically known as the ‘Land of Freedom,’ is rich in heritage and tradition, and acknowledged by the government as one of the fastest-growing economies in the country.

“You’ve seen the changes all around — new businesses, thriving tourism, and a brighter future on the horizon. But what truly matters isn’t just the numbers we celebrate, it’s the people.  It’s the hardworking families who have called Eleuthera home for generations and the younger ones who now see even greater possibilities for their future,” said the prime minister.

He observed that the steady rise in air arrivals and international interest isn’t just about visitors coming to enjoy the beauty of Eleuthera; but all that the people, economy, culture, and environment have to offer.

(Signing Ceremony)

“This partnership with the Saudi Fund for Development marks a turning point for Eleuthera and its people. For years, there has been talk about upgrading the North Eleuthera International Airport, but today we are moving from talk to action. This $55 million investment is about unlocking Eleuthera’s potential and ensuring that its people can fully benefit from the island’s rapid growth.” He said.

Deputy Prime Minister Cooper also thanked the Saudi Fund for Development for being a dedicated partner in The Bahamas’ journey toward infrastructural and economic development, and said its continued support is deeply appreciated.

“The commitment you have demonstrated toward our development goals as laid out in our Blueprint for Change has been impactful and we know that this partnership will blossom in the many years to come,” he said.

The loan comes at “favourable terms” including a low interest rate of 2.5 percent, and twenty-five (25) years to repay with the first installment due in five years.

(Handshake)

In March of 2023, the Davis Administration embarked on the Family Islands Airport Renaissance Project.  This far-reaching programme is part of the broader vision outlined in the Government’s Blueprint for Change, which places a strong emphasis on the importance of investing in the Family Islands.

The Family Islands Airport Renaissance Project aims to transform not just the North Eleuthera International Airport, but 14 airports across the archipelago, marking the largest and most comprehensive development effort in the history of Bahamian aviation.

“We committed to engage Public Private Partnerships to finance, build and manage key airport infrastructure. This loan signifies the benefits and progress of international partnerships in this regard,” Deputy Prime Minister Cooper said.

He noted that the North Eleuthera International Airport serves as the gateway to the island and is a major driver of tourism and commerce.
As of June 2024, there was a 32 percent increase in foreign air arrivals to Eleuthera compared to the same period in 2019, and a 2 percent increase over record-setting 2023 figures.

(Minister Clay Sweeting)

“The existing infrastructure at North Eleuthera is no longer sufficient to accommodate the rising number of passengers and aircraft. The adding of the trailer facility for departures provided some much-needed temporary relief,” he said.

The planned upgrades to North Eleuthera Airport will encompass a complete overhaul of the terminal facilities, as well as airside improvements that include the revamp of the runway, and an expanded apron space. On completion, it will be capable of accommodating 400 passengers in the departure lounge, plus significant retail opportunities.

These upgrades will ensure that the airport is capable of handling larger aircraft, accommodating more passengers and offering a level of service that meets international standards as mandated by International Civil Aviation Organization (ICAO). The project will also incorporate sustainable and resilient solutions, designed to withstand storm surges and hurricane winds of up to Category 5.

His Excellency Mr. Sultan Abdulrahman Al-Marshad, also spoke of the significant milestone reached with the signing of the agreement. He deemed it a “new chapter” in relations between both countries and underscored the shared commitment in advancing aviation in the country.

The partnership between The Bahamas and the Saudi Fund has already proven successful in the past.  In July 2023, the $10million facility for the Tourism Development Corporation’s incubation centers in Nassau, Grand Bahama and Exuma was implemented.  And in June 2024 another loan agreement was entered into on favorable terms for the construction of the Exuma International Airport.

 

(BIS Photos/Kemuel Stubbs)

 

PHOTO CAPTION

(Signing Ceremony)
On Monday, September 9, 2024 scores of excited residents witnessed the formalization of a $55 million Loan Agreement between the Government of the Commonwealth of The Bahamas and Saudi Fund for Development at the North Eleuthera International Airport.  Pictured seated L-R: Deputy Prime Minister and Minister of Tourism, Investments and Aviation the Hon. Chester Cooper; Prime Minister and Minister of Finance the Hon. Philip Davis; His Excellency Mr. Sultan Abdulrahman Al-Marshad, Chief Executive Officer, Saudi Fund for Development; and Paul Bevans, Chairman, Airport Authority.   Standing L-R: the Hon. Clay Sweeting, Minister of Works and Family Island Affairs; Dr. Kenneth Romer, Deputy Director General of Tourism and Acting Director of Aviation; Senator the Hon. Michael Halkitis, Minister of Economic Affairs; and Sylvanus Petty, Member of Parliament for North Eleuthera.

(Handshake)
A $55 million Loan Agreement between the Government of the Commonwealth of The Bahamas and Saudi Fund for Development was signed at North Eleuthera International Airport on Monday, September 9, 2024.  Pictured L-R: the Hon. Clay Sweeting, Minister of Works and Family Island Affairs; Deputy Prime Minister and Minister of Tourism, Investments and Aviation the Hon. Chester Cooper; Prime Minister and Minister of Finance the Hon. Philip Davis; His Excellency Mr. Sultan Abdulrahman Al-Marshad, Chief Executive Officer, Saudi Fund for Development; and Paul Bevans, Chairman, Airport Authority.  Second row L-R: Dr. Kenneth Romer, Deputy Director General of Tourism and Director of Aviation; Senator the Hon. Michael Halkitis, Minister of Economic Affairs; and Sylvanus Petty, Member of Parliament for North Eleuthera.

(Prime Minister addressing)
Prime Minister and Minister of Finance the Hon. Philip Davis speaks at the Signing Ceremony of a $55 million Loan Agreement between the Government of the Commonwealth of The Bahamas and the Saudi Fund for Development at North Eleuthera International Airport on Monday, September 9, 2024

(His Excellency & PM Davis)
His Excellency Mr. Sultan Abdulrahman Al-Marshad, Chief Executive Officer, Saudi Fund for Development, and Prime Minister and Minister of Finance the Hon. Philip Davis share a moment.

(Minister Clay Sweeting)
The Hon. Clay Sweeting, Minister of Works and Family Island Affairs speaks at the Signing Ceremony of a $55 million Loan Agreement between the Government of the Commonwealth of The Bahamas and the Saudi Fund for Development at North Eleuthera International Airport on Monday, September 9, 2024.

(Residents & Officials)
Residents and Officials at the Signing Ceremony.

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OVER 209,000 BAHAMIANS TO DECIDE NEXT GOVERNMENT IN TUESDAY’S GENERAL ELECTION

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Polls open nationwide as rallies, controversy and endorsements close heated campaign season

 

The Bahamas, May 11, 2026 – Temperatures across The Bahamas on Tuesday, May 12 are forecast to reach a high of 87 degrees Fahrenheit, with “feels like” temperatures expected to climb even higher — but the heat is not expected to disrupt the flow of voters to polling stations which open nationwide at 8 a.m.

More than 209,000 registered voters are expected to cast ballots in the country’s 2026 General Election, which will determine who forms the next government of the Commonwealth of The Bahamas.

Polling stations across New Providence, Grand Bahama and the Family Islands will remain open until 6 p.m., with all 41 House of Assembly seats being contested in what has become one of the country’s most energetic and closely watched election campaigns in recent years.

The governing Progressive Liberal Party and the opposition Free National Movement are fielding full slates of 41 candidates each, while the Coalition of Independents has emerged as a significant third-force movement with 40 candidates contesting seats nationwide.

Public schools throughout the country are closed Tuesday as many campuses are transformed into polling stations, while ballot boxes have already been dispatched to the Family Islands ahead of voting day.

The Parliamentary Registration Department has meanwhile reminded employers that registered voters are legally entitled to two hours off to vote in addition to their normal lunch break and has also issued guidance aimed at maintaining orderly conduct at polling locations.

The final days of campaigning transformed the country into a sea of rallies, motorcades, town halls and political events stretching from Exuma and Long Island to Abaco, Bimini, Eleuthera, Andros, Inagua and Grand Bahama.

The PLP closed its campaign with the message “Choose Progress,” arguing the Davis administration has strengthened the economy, expanded social support and advanced national development projects.

The FNM campaigned heavily on accountability, affordability and governance reform under the slogan “We Work for You,” while the Coalition of Independents sought to position itself as the country’s disruptive alternative with the declaration: “Change ain’t coming — change is here.”

The campaign season also drew international attention with former NBA player and businessman Rick Fox attracting celebrity endorsements from basketball legend Shaquille O’Neal, actress Vanessa Williams and reggae icon Buju Banton through widely circulated video messages.

Adding further unpredictability to the race are at least 13 independent candidates contesting seats across the country, including former Prime Minister Dr Hubert Minnis in New Providence’s Killarney constituency, former Cabinet Minister Frederick McAlpine in Grand Bahama’s Pineridge constituency and Leroy Major in Southern Shores on New Providence — all seeking to break through the dominance of the country’s traditional party structure.

Meanwhile, election officials faced controversy in the campaign’s final hours after confirming that fewer than 150 voters, around 1 percent of electors had been mistakenly omitted from the register but would still be allowed to vote Tuesday — a decision questioned publicly by FNM Leader Michael Pintard amid broader concerns over voter integrity and election procedures.

Despite the political tensions, election officials say preparations are complete.

By Tuesday night, Bahamians are expected to know whether the PLP secures a second consecutive term, whether the FNM returns to office, or whether independents reshape the country’s political landscape.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Bahamas News

BAHAMAS RATING UPGRADE: A WIN—BUT NOT A FREE PASS

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The Bahamas, May 4, 2026 – With elections days away, The Bahamas has picked up a headline-friendly win: a credit rating upgrade.

Here’s the one-liner that matters most:

A higher rating can mean cheaper borrowing for the government—over time.

That’s the upside. When lenders see less risk, they demand lower interest. That can ease the cost of financing big projects and managing national debt.

But that’s only part of the story.

Moody’s Ratings has upgraded The Bahamas to Ba3 from B1, citing stronger fiscal discipline, improved liquidity and a more stable funding strategy. It also points to better tax collection, controlled spending and continued strength in tourism as key drivers.

Moody’s expects the government to maintain solid primary surpluses—essentially bringing in more than it spends before debt payments—and projects national debt to decline from 72.5% of GDP to around 68% by 2027.

That’s progress.

But here’s the reality check.

The Bahamas is still below investment grade. In plain terms, the country remains in speculative territory, meaning investors still see a higher level of risk compared to more stable economies.

Debt, while improving, is still elevated. And the economy remains heavily dependent on tourism—a sector that can shift quickly with global conditions, weather events or geopolitical shocks.

Even Moody’s signals that more work is needed. Further upgrades depend on:

  • sustained reductions in debt
  • improved debt affordability
  • and continued access to favourable financing

So while the upgrade reflects real gains, it is not a finish line.

It is a signal that the country is moving in the right direction—but must stay disciplined to keep that momentum.

For voters heading to the polls, the takeaway is simple:

The Bahamas has strengthened its financial position—but the fundamentals still need work.

The progress is real.

The challenge now is to make it last.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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VOTES SAFE, SAYS PRD AFTER BALLOT BOX FIASCO VIDEO

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The Bahamas, May 4, 2026 – The Parliamentary Registration Department is assuring the public that ballots cast during advance polling remain secure, following a viral video that sparked confusion and concern in eastern Nassau.

The footage, widely circulated on social media, showed a tense scene outside Thelma Gibson Primary School, where party supporters surrounded election officials as a ballot box was escorted to a waiting vehicle under police guard. The confrontation—loud, chaotic and closely watched—left many questioning whether proper procedures were being followed.

In response, the PRD moved to clarify.

In an official statement, the Department said the transport of ballot boxes in the Elizabeth and Yamacraw constituencies was conducted in line with established protocol. It explained that once polling concludes, the Presiding Officer is required to return sealed ballot boxes to the Returning Officer, who—accompanied by a senior police officer—then transports them to the Parliamentary Commissioner.

The PRD said it is satisfied that Returning Officer Sonia Culmer adhered to those procedures and that the ballot boxes remained sealed at all times.

But that account has been challenged.

PLP Elizabeth candidate Jobeth Coleby-Davis has called for an urgent investigation into what she described as alleged irregularities involving ballot handling. She claims that established procedures were breached, including the movement of sealed ballot boxes without the presence of party observers, and is urging authorities to review the matter.

The competing accounts have added to public unease following scenes that saw supporters from multiple political parties crowding officials during the transfer process, demanding clarity on what was taking place.

Individuals clad in PLP shirts, including incumbent Coleby-Davis swarmed the returning officer, police officers and the ballot boxes.  The charge was the woman in the crosshairs of the accusations was connected to the opposition FNM party.

There was nothing to validate this claim and there is no confirmed breach reported by election officials.

Ballots cast during advance polling are expected to remain secured until Election Day, May 12, when they will be merged with ballots in their respective constituencies and counted as part of the official tally.

For now, the PRD is standing firm on the integrity of the process—even as calls for further scrutiny grow louder.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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