Turnpage

Please visit our sponsors

RSS Feed
 

Current News & Press

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
HOME > 
News & Press > 
PM outlines national transformation plans

Prime Minister Dr Hubert Minnis outlined areas of transformation, including land reform, renewable energy and modernization of public services, in his third National Address for 2019, delivered May 20. Pictured: Prime Minister Dr Hubert Minnis. (BIS Photo/Yontalay Bowe)

Source:
Date:
Updated:
TheBahamasInvestor.com
Wednesday, May 22, 2019
Wednesday, May 22, 2019

Prime Minister Dr Hubert Minnis outlined areas of transformation, in his third National Address for 2019, delivered May 20.

This is the final in a series of reports in which he outlined land reform, renewable energy, healthcare and modernization of public services in a digital global world.


“It is one of my most important responsibilities to inform the Bahamian people as to how your government is working to improve the daily lives and livelihoods of citizens and residents,” the Prime Minister said via national broadcast stations.

The Prime Minister highlighted major reform efforts underway to digitize and modernize government services, and the implementation of a system to clear the land application backlog and restructure the application process for Crown Land.

“A major goal of our government is to continue the reform and modernization of our Bahamas through innovative ideas and technology,” he said.

He added that this transformation is expected to take place on the eve of the country’s Jubilee Independence anniversary.

“There must be easier access to information such as: the wide range of economic and tax concessions available for Bahamian investors and businesses, lists of companies and individuals who have government contracts, and other information and data that should be easily available to the public,” he said.

In the area of land reform, which remains a key priority of his administration, he said that through the Ministry of the Environment and Housing several thousand serviced lots will be transferred throughout The Bahamas to Bahamians over the next several years.

“We are restructuring the application process for Crown Land. We will reduce the number of months to attain Land Leases or Crown Grants,” the Prime Minister said

And, with construction being the second largest sector for tremendous growth, the Prime Minister noted that several mega projects are coming on stream, especially on Grand Bahama; and road works on New Providence and the Family Islands.

“Capital works by the private sector and government are essential in creating more economic opportunities for Bahamians, including many more jobs and more business for Bahamian vendors,” he said.

Also in the pipeline are new international airports at Exuma; Deadman’s Cay, Long Island; and Great Harbour Cay, the Berry Islands.

In the area of renewable energy, the Prime Minister announced that candidates have been shortlisted to participate in the Request for Proposal process for a solar generation facility in Ragged Island.

“The RFP is expected to be published soon. Barring any unforeseen circumstances, the current projection for completion of the facility is by year’s end,” he said.

Prime Minister Dr Hubert Minnis held "productive discussions" with senior officials of the US government agency Overseas Private Investment Corp and the US Embassy at the Office of the Prime Minister 20 May.

PO8, a Bahamian tech company tokenizing archaeological assets by issuing Non-Fungible Tokens (NFT) representing their value, recently received a No Action Letter from The Securities Commission of The Bahamas ahead of the company's Non-Fungible Token offering. The first letter of its kind for NFT offerings, it paves the way for PO8 to move forward with its planned offering in a compliant manner.

The Bahamas Investor
Administrative Links
  


  © 2019 ETIENNE DUPUCH JR PUBLICATIONS LTD