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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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New Manifestos Released as Bahamas Heads to Historic May 12 Vote

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The Bahamas, April 14, 2026 – With the 2026 Bahamian general election set for May 12, the country’s major political parties have now formally placed their plans before the electorate, offering competing visions for governance, growth and relief.

The governing Progressive Liberal Party (PLP), led by Philip Davis, launched its “Blueprint for Progress 2026” on April 8, 2026, outlining a 46-page plan focused on long-term development and systems reform. The document places heavy emphasis on energy transition, digital government, workforce training and food security, positioning the party as one seeking continuity following its first term. The full plan is publicly available online through official PLP platforms for voters to review.

Just days later, on Sunday, April 12, the opposition Free National Movement (FNM), under Michael Pintard, unveiled its 2026 Manifesto at a major event in Nassau. Spanning 54 pages, the document centers on cost-of-living relief, tax reform, healthcare expansion and housing, offering what the party describes as a more immediate response to economic pressures facing Bahamian families. The FNM has also made its manifesto accessible online.

Beyond the two major parties, the Coalition of Independents (COI) had already entered the policy space earlier, formally unveiling its long-range Vision 2030 framework on Saturday, March 1, 2025, at the Fusion Superplex in Nassau during a packed national launch led by party leader Lincoln Bain. That framework has since been complemented by a 100-day action plan released in late March/early April 2026, adding a short-term policy layer to its long-range proposals.

These policy rollouts come as the country prepares for a pivotal vote, with the Parliamentary Registration Department confirming a voters’ register of approximately 203,000 eligible voters, one of the largest in the nation’s history. Key dates are now set, with Nomination Day on April 16, followed by advance polls on April 30, ahead of General Election Day on May 12.

With platforms now in the public domain and the timeline locked in, the focus shifts squarely to the electorate—who must now weigh the promises, examine the plans and decide the country’s direction at the polls.

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

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From Concept to Approval: What a 2019 Water Security Plan Now Means for Bahamians

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The Bahamas, April 14, 2026 – At its core, the $65 million water security project is designed to strengthen the reliability, safety and resilience of the water supply across The Bahamas.

If implemented as planned, the investment is expected to improve water quality, reduce contamination risks and support public health, while increasing supply reliability and limiting service disruptions during droughts or system failures. The project also aims to expand and upgrade infrastructure, including wellfields, pumping stations and storage capacity, and to protect freshwater resources from saltwater intrusion—an increasing threat for low-lying islands. In practical terms, that could mean cleaner, more consistent and more dependable access to water for residents across the country.

The project was first conceptualised in 2019 under the previous administration, when a proposal was submitted to the Green Climate Fund to strengthen the resilience of the country’s water systems. That early work came just months before Hurricane Dorian exposed the vulnerability of national infrastructure, including critical water and sanitation systems, particularly in the northern Bahamas.

The initial phase focused on developing the concept, identifying priority areas and engaging regional and international partners, including the Caribbean Development Bank, to support the design and preparation of a full funding proposal.

Following the change in government in 2021, the project advanced into its most technical and demanding stages. The current administration oversaw the completion of key requirements, including feasibility studies, environmental and social assessments, and detailed financing negotiations with international partners—steps necessary to move the proposal from concept to approval.

That multi-year process has now culminated in approval of a $65 million financing package, combining grant funding with concessional loans to support long-term upgrades to the country’s water infrastructure.

While the project brings significant international support, it is not entirely free money. The package is structured as a blended financing arrangement, combining grant funding with concessional loans—meaning a portion of the funding will ultimately need to be repaid. Based on information released by the Caribbean Development Bank, approximately $25 million of the total package is tied to loan financing, with the remaining portion provided as grant support.

Concessional loans typically carry more favourable terms than commercial borrowing, including lower interest rates and longer repayment periods. However, they still represent debt obligations that will be borne over time.

Notably, detailed terms of the loan components—including interest rates, repayment schedules and any associated conditions—were not disclosed in the initial announcement issued by the Office of the Prime Minister (Bahamas). Those details are expected to be outlined in formal financing agreements, but have not yet been made public.

For Bahamians, the project represents both investment and obligation. While the grant funding provides a significant boost to infrastructure development, the loan component adds to the country’s long-term financial commitments—making transparency around terms and implementation timelines especially important.

While the approval marks a significant milestone, the timeline for delivery remains a critical factor. Based on information available from project partners, implementation is not expected to begin immediately. The initiative is anticipated to move into its execution phase later in 2026, following finalisation of financing agreements and completion of preparatory requirements.

From there, the project is projected to unfold over several years, with estimates suggesting a multi-year implementation period of up to seven years to fully deliver the planned upgrades to water infrastructure across The Bahamas.

This means that while the funding has now been approved, the benefits will be realised gradually rather than all at once. A definitive completion date has not been publicly outlined, and detailed timelines tied to specific islands or phases of work have yet to be disclosed.

For Bahamians, the question now shifts from approval to execution—when funds are drawn down, when construction begins, and how consistently the project moves from plan to delivery.

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

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Fuel Pain at The Pump: Global Tensions Drive Prices Up as Bahamians Feel the Squeeze

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NASSAU, Bahamas — What should be a simple five-minute drive is fast becoming an expensive, hour-long ordeal, as rising fuel prices collide with worsening traffic congestion across New Providence.

As of early April 2026, gasoline prices across The Bahamas have climbed sharply, with motorists now paying an estimated $5.50 to over $6.50 per gallon, depending on the station and grade. The increases, seen at major retailers including Esso, Rubis and Shell, reflect a volatile global oil market driven by escalating geopolitical tensions.

The latest spike — in some cases jumping more than 50 cents per gallon within days — is being driven by uncertainty surrounding escalating tensions involving Iran. U.S. President Donald Trump has issued a direct ultimatum, warning that the United States could launch aggressive strikes on Iranian infrastructure, including power plants and key facilities, if demands are not met. While he has also expressed hope for a swift resolution, the threat of rapid escalation is already rattling global oil markets — and The Bahamas, heavily dependent on imported fuel, is feeling the impact almost immediately.

At the pumps, the frustration is real.

Drivers are now paying significantly more just to sit in traffic. Commutes that once took minutes are stretching into hour-long crawls, burning fuel with little movement and compounding the financial strain. For many residents, the issue isn’t just the price per gallon — it’s how quickly that gallon disappears.

Industry players are also bracing for impact. Higher diesel prices are expected to ripple across key sectors, including trucking, construction, and shipping — all of which ultimately feed into the cost of goods and services. In short, this is not just a fuel story; it’s an inflation story in the making.

Despite the surge, the Bahamas Petroleum Retailers Association has moved to calm fears, confirming that there is no fuel shortage. Supply remains stable, but consumers are being urged to adjust behavior — from maintaining proper tyre pressure to considering carpooling — small measures that could stretch every dollar a bit further.

Retailers, however, are not offering much comfort on price relief. While fluctuations are expected, insiders say the days of sudden price drops are unlikely in the immediate term. The “shock” increases may level off, but a meaningful decline hinges on global stability — something that currently feels out of reach.

For Bahamians, the reality is tightening: higher fuel costs, longer commutes, and a growing sense that relief isn’t coming anytime soon.

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

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