|
From:TheBahamasWeekly.com Bahamas Information Services Updates  Expression of Interest Public Private Partnerships Infrastructure Projects The Government of The Bahamas through the Ministry of Finance invites ‘Expressions of Interest’ (EOI) from reputable organizations with proven capacity for the development of infrastructure projects such schools, roads and office buildings under various Public Private Partnership (PPP) models per the terms and conditions be laid down in the contractual arrangements with Government. A partnership (PPP) government service or private business venture which funded and operated through a partnership of government and one or more private sector companies. PPP involves contract between a public sector authority and a private party, in which the private party provides a public service or project and assumes substantial financial, technical and operational risk in the project. An example can involve the private sector building offices and leasing them back to government with an option to buy at the end of the lease. It should be noted that the Government has a portfolio of potential PPP projects with a minimum investment value of million. Some examples are as follows: Project Estimated Cost a) North Andros Roads - $40m b) Acklins Island Roads - $25m c) Refurbishment of Various Schools in New Providence - $40m d)Refurbishment of Main Post Office Building - $40m e)Refurbishment of East Hill Building - $15m Various Family Island Airport Upgrade - $15m Requirements for EOI Criteria: Business registration particulars including Certificate of Incorporation, Memorandum of Association of the Corporation, list of Directors and Secretaries or equivalent registration documents; Valid business license and National Insurance payment or Certificate of Good Standing or confirmation that the entity in good standing in its home jurisdiction;... Full Statement attached below
|