FREEPORT, Grand Bahama — With several large investment projects slated for Grand Bahama, some of which have already begun, Minister of State for Finance Kwasi Thompson declared yesterday (April 29) that Grand Bahama’s recovery is “set to take flight”, The Nassau Guardian reported.
Thompson, who gave the keynote address at yesterday’s Grand Bahama Business Outlook, outlined several key projects, including those by two major cruise lines that are set to move the island’s recovery full speed ahead, after Grand Bahamians endured two economically devastating years caused by Hurricane Dorian followed closely by the COVID-19 pandemic.
“Fortunately, today we can renew our faith and hold firm to our belief in Grand Bahama, because we are at a major turning point on our difficult road to recovery,” Thompson said. “It took many months to complete critical public works projects that were essential for the recovery. It took many months to complete delicate negotiations on significant projects that were central to the recovery. Some frustration and skepticism may have crept in during the wait, but I am here to reassure you that Grand Bahama’s recovery is set to take flight.”
Thompson said Royal Caribbean International and the ITM Group, which formed Holistica for the Grand Bahama investments, are making progress on their negotiations around redeveloping Freeport’s cruise port. Thompson explained that the government continues its work to finalize the sale of the Grand Lucayan resort to Holistica. See complete article in The Nassau Guardian at https://thenassauguardian.com/thompson-outlines-various-investment-projects-in-grand-bahama/
