The Government of the Bahamas will seek to bring special emphasis on securing the country in the face of climate change in the new session of Parliament which begins on 4th October.
The new Governor-General Her Excellency Cynthia Pratt will read the Speech From The Throne and is expected to outline the substantial plans of the Davis Administration to raise funds on Climate Financing and for the establishment of proper hurricane shelters throughout The Bahamas.
While there are certain budgetary constraints, Prime Minister Philip Davis and his Ministers have searched and have ascertained funding from a number of international sources for many infrastructural projects, the details and amounts have not been finalized.
It is understood that some $1.8 billion might be in the offing.
In addition to facilities in the Family Islands, the government wishes to construct a new Parliament building in the Royal Victoria Gardens, a new Supreme Court complex, a General Post Office headquarters, a Ministry of Foreign Affairs, new hospitals in New Providence and Grand Bahama and a new Prison.
The new Supreme Court will be constructed on Shirley Street on the property of the Rodney Bain Building, the adjacent parking lot and the Jacaranda property.
A source told The Journal that it is important for the government to construct these buildings which are long overdue to create jobs and a new image for the country.
While these ambitious projects are on the wish list of the government in the short term, there are certain stressors that are of major concern.
Standard and Poors has suggested that the government will likely struggle to meet its debt reduction targets “without material new revenues, significant cost-cutting or well above average economic growth.”
