After more than a year-long delay, the government intends to break ground on a new airport on Exuma in October, Prime Minister Dr. Hubert Minnis has announced.
The government missed its initial target to break ground on the new airport in January 2019.
“The fourth pillar of our plan for a resilient Bahamas is to develop and implement a robust and dynamic mix of policies that will accelerate a rebound in our domestic economy. A strong recovery, Mr. Speaker, calls for innovative and vibrant ideas to ignite the growth potential of this economy,” the prime minister said on Monday in the House of Assembly as he wrapped up debate on the 2020/2021 budget.
“To achieve this, we have increased the allocations for capital expenditure, using government funding to stimulate the economy through construction and investing in infrastructure. I am informed that the groundbreaking for the new airport in Exuma is scheduled for October this year. Work continues to progress for the new airports for Eleuthera and Long Island.”
The government has allocated $515.5 million in the 2020/2021 budget for the massive expansion of public infrastructure projects to stimulate job creation and build a resilient economy.
In June 2018, the government secured two loans from the Inter-American Development Bank (IDB) in the amount of $70 million – a portion of which was slated for infrastructural upgrades of four airports: Exuma International Airport, North Eleuthera Airport, Treasure Cay Airport and Leonard M. Thompson International Airport in Marsh Harbour, Abaco.
The government indicated then that it would have to spend another $18 million from the public treasury for the upgrades.