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Government invests $100m in Andros

The government has invested $100 million in infrastructure development in Andros, as it works to grow the Family Island economies and provide opportunities for employment in those communities, according to Prime Minister Christie. 

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TheBahamasInvestor.com
Thursday, April 3, 2014
Thursday, April 3, 2014

The government has invested $100 million in infrastructure development in Andros, as it works to grow the Family Island economies and provide opportunities for employment in those communities.
Addressing attendees at the National Conclave of Chambers of Commerce in The Bahamas this week, Prime Minister Perry Christie said his government has awarded $20-million worth of building contracts on the island and pledged to invest further, saying: “We are going to make Andros a part of the economy of The Bahamas.”


The National Conclave is the first event to bring all the Bahamas’ chambers of commerce together and was attended by business leaders from throughout the archipelago. Chairman of the Bahamas Chamber of Commerce and Employers Confederation Chester Cooper called the event “historic” and said: “[This is ] a significant opportunity for the deepening and strengthening of the relationship between the various chambers of The Bahamas.”
Delivering the keynote address, the Prime Minister spoke of the importance of making investors familiar with the entire country and reaching out to the Family Island communities to encourage growth in those areas.

“There is a lot of work to do to make sure we knit our country together,” he said and stressed that the country’s economy was picking up and could expect growth in the near future.

“The economy of the world is changing. All the indicators are positive. I can tell you that we are headed for good days in this country,” he said. “The country is moving in the right direction.”

The National Conclave runs April 2-3 at Breezes Resort, Nassau. Speakers included Minister of Financial Services Ryan Pinder and Minister of State for Finance Michael Halkitis. Topics to be discussed during the two-day conference include tax reform, arbitration, foreign direct investment and public private partnerships.

cmorris@dupuch.com

Stakeholders in the legal and financial services sectors are sponsoring The Bahamas Young Arbitrators event tomorrow at the British Colonial Hilton in Nassau. For more information download a PDF about the event here.

Minister of Financial Services Ryan Pinder says that The Bahamas is perfectly positioned to become a centre for dispute resolution in the region. Watch an ZNS Network news interview with Pinder here.

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