NASSAU, BAHAMAS — Prime Minister Dr Hubert Minnis said yesterday that based on the recommendations of the economic recovery committee the government is preparing a strategy to fast-track approvals for all viable private sector construction projects under consideration.
During an address yesterday Dr Minnis also noted that the government will review the current licensing and regulatory procedures for street vendors with the intention of enabling them to sell their products in safe and secure venues.
Minnis who noted that it is essential to open the domestic economy as soon as possible said, “Based on the ERC’s recommendations we are preparing a strategy to approve all pending viable private sector and construction projects that are currently under consideration, and to fast track those approvals. The approval and execution of these projects will generate immediate employment and business opportunities for Bahamian contractors and trade professionals.”
He further noted that the Government is accelerating the execution of the budgeted public infrastructure and construction projects, and will pay special attention to the smaller scale projects that benefit multiple smaller contractors.
This he said will allow for increased employment in many vulnerable segments of the economy and benefit a number of small Bahamian firms.
“The Government is also looking at ways to provide special support for the creative community, and further support for Bahamian small businesses and entrepreneurs to provide them with the resources and expertise to be able to showcase and deliver their products to the world,” said Minnis.