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Freeport government complex construction progresses

New government office buildings on schedule to be completed by summer this year. The $19-million administration complex in the centre of Freeport will house a variety of government departments. 

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Updated:
TheBahamasInvestor.com
Friday, February 11, 2011
Friday, February 11, 2011

The $19-million government complex in Freeport, Grand Bahama, is well into the construction phase, with the majority of the office building nearing completion. The 65,000 sq ft facility will house various government departments and is scheduled for completion by August 2011.

The construction is being carried out by FES Construction Co Ltd.

“The complex will create 250 new jobs in the construction sector all told and spin-off effects for the wider community,” according to Minister of State for Finance in the Ministry of Finance Zhivargo Laing.

It is hoped that the new buildings will help shift some of the government’s administrative duties to the nation’s second city.

“At the moment the government has a kind of branch mentality when it comes to Freeport and Grand Bahama,” says K Peter Turnquest, president of the Grand Bahama Chamber of Commerce. “We are hopeful this will help change that, but there are practical considerations. What we need is true local government.”

Freeport Government complex

On 20-23 March this year the Bahamas Institute of Financial Services (BIFS) will host the high-profile international forum bringing together leading professionals in the finance sector to discuss the way forward for the financial services industry. This will be only the second time the region has hosted the event.

The Bahamas now has ten Tax Information Exchange Agreements (TIEAs) in force, with a further 13 that have been signed but not yet in effect. The information exchange treaties are part of government efforts to comply with international standards stipulated by the G20 and Organisation of Economic Co-operation and Development (OECD) member countries.

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