The government will make a “major” economic announcement for New Providence “within a few weeks”, Prime Minister Dr. Hubert Minnis said.
“The country is in the best economic shape since the Great Recession of 2008,” Minnis said during a speech at the Torchbearers Youth Association Convention on Friday.
“Within a few weeks, there will be a major economic announcement for New Providence that will provide more economic opportunities for Bahamian businesses, more jobs for constructions workers and more long-term jobs.”
When pressed by reporters on the sidelines of the convention, the prime minister declined to divulge any details about the announcement.
However, during his speech, Minnis announced that the government will spend nearly $1 million to provide water connections to inner-city homes.
“Tonight, I am pleased to announce another major program for Over-the-Hill communities that will improve the lives of many children and families,” he said.
“When we launched the Over-the-Hill redevelopment program, we knew that a good number of people were not connected to water through the Water and Sewerage Corporation metered supply. It is time to fix this problem.”
Minnis said 1,065 inner-city homes lack water connections.
“The estimated cost for each home is approximately $740 plus a $115 security deposit,” he said.
“The total estimated cost for this component of the project for new metered connections is approximately $900,000. Additionally, new water mains are required along a number of streets to facilitate these connections. This will cost approximately $230,000.”
The prime minister continued, “I am very pleased that the government has secured donations for both the new water connections and the new water mains that will total approximately $1 million.”
Minnis said the Water and Sewerage Corporation has already made an assessment and is in the process of finalizing a strategy to execute the project.