#Nassau, June 20, 2019 – Bahamas – Prime Minister the Most Hon. Dr. Hubert Minnis announced that $8 billion in international investments have been approved as at May 2019.
That amount includes the $100 million Carnival
Cruise Port for Grand Bahama, and new developments throughout the island chain,
he said.
The Prime Minister was contributing to the 2019/20
Budget Debate in the House of Assembly on Wednesday, June 19, 2019.
He outlined achievements over the past two years
and unveiled plans for the ensuing three years, aimed at the further
development of the country.
“We now have the lowest annual deficit in 10 years,
as the country turns the page on the reckless spending and financial wasteland
that was a hallmark of the past government,” the Prime Minister
said. “We are in
negotiations for a mega project that will transform Freeport, including the
Grand Lucayan properties, into one of the premiere destinations in our region.”
The Prime Minister noted that his Government is
also investing in jobs, education and training, home ownership, and granting
access to land for Bahamians.
“We are investing in the Family Islands,
crime-fighting, social assistance, young people, roads, airports, Over-the-Hill
development, Bahamian entrepreneurs and small business people,” he said.
Further investments include young environmental
monitors in Over-the-Hill area who have been employed to help rebuild their
communities, to Spring City, Abaco, where young people in their 20s have
received conveyances and deeds for new homes, to preschool students in poorer
neighborhoods, he further outlined.
“This Government is building a better, brighter
Bahamas for all Bahamians. We are building a more just society, in which the
needs and the aspirations of the poor and the disadvantaged, are a priority,”
the Prime Minister said.
He then reported that The Bahamas has had two
straight years of positive growth.
“In the last two years we have improved revenue
across the board. These are funds that can now be invested in young
entrepreneurs, preschool students, Family Island airports, poverty reduction
and Over-the-Hill,” he said.
And, over the next three years, he envisioned that
plans would be made manifest throughout The Bahamas.
“We will not rest in our efforts to create a
better, brighter, more prosperous and safer country for all
Bahamians. We seek to build a country intolerant of mass corruption
by public officials. We seek to build a country filled with opportunity for
all.”
The Prime Minister said that it is his great
privilege to lead the effort in building a fairer and more just society.
“Today, because of our crime strategy, crime is finally coming down. But, there is still much work to do to make our people safer…. Let us continue to pray that the God of New Beginnings may continue to bless our Bahamas,” he said.
By Lindsay Thompson
Release: BIS