Works Minister Philip Davis said that the New Providence Road Improvement Project (NPRIP) is complete with just a few touch ups being done on the remaining roads.
Government officials previously announced that the NPRIP was scheduled to be completed have on October 31.
However, the date was pushed back when Hurricane Sandy blew into The Bahamas.
“The general works are complete and what is left over is the accommodation works like the sidewalks, and drainage. We hope that will be completed by early January. But, the contract has been completed,” Minister Davis said.
Recently, the government had to borrow $77 million for the completion of the roadworks. It was originally contracted for some $200 million.
In 2008, the government signed a $119.9 million contract with Argentinean firm Jose Cartellone Construcciones Civiles (JCCC) to carry out the massive project.
The IDB has previously noted that the NPRIP has run drastically behind schedule and over budget, acknowledging in a recent report the negative impact the extensive roadworks have had on multiple Bahamian-owned businesses amid “a prolonged recession.”