NASSAU, BAHAMAS- The government is moving to develop a Public-Private Partnership (PPP) Assessment Framework aimed at strengthening transparency, efficiency, project identification, appraisal and approval as it continues to prioritize private sector-backed infrastructure investment, Finance Minister Michael Halkitis said while delivering the 2026/2027 budget communication.
Halkitis said the Ministry of Finance engaged Misca Advisors Ltd. to develop the framework, which is intended to refine the government’s existing PPP structure, improve risk allocation, and incorporate “Value-for-Money and fiscal affordability assessments so that future projects are pursued on a sound and responsible basis.”
He said the framework is being refined for publication by the end of the summer.
The finance minister said public-private partnerships “remain an important vehicle for delivering major infrastructure projects in a timely manner, while combining public oversight with private sector financing and expertise.”
He added that PPPs “offer a practical means of advancing critical public services and infrastructure in a way that is both strategic and efficient.”
“In keeping with the recommendations of the IMF, the Government of The Bahamas has continued to prioritize PPPs as a means of supporting additional investment in critical infrastructure, including airport upgrades and further improvements to the electrical grid,” Halkitis said.
He added that the approach allows the government “to accelerate development in key areas while maintaining appropriate oversight and fiscal discipline.”
