By Scott Armstrong ~ Guardian Business Editor ~ scott@nasguard.com:
Commitment to making a crucial piece of legislation happen - which could kick-start a $1 billion home building industry - has been given by the Minister of Public Works.
Minister Neko Grant was speaking to The Nassau Guardian after calls from the
Bahamian Contractors Association for a key meeting to be held to resolve an issue with the proposed Contractors Bill.
The head of the BCA Steve Wrinkle told The Nassau Guardian that the BCA views that meeting as "paramount," as the bill is key to re-invigorating the home building market, as it will finally give consumers protection and confidence.
The BCA believes the Contractors Bill would unlock a "huge market, probably a $1 billion market" which could bring the construction industry back up to 100 percent employment, that would be around 10,000 jobs.
Now, while unable to give a firm date for the meeting, Minister Grant has publicly said he remains committed to the legislation.
He said: "The Contractors Bill remains a priority and there is a clear focus in my department to move forward. We have a good working relationship with the BCA and I am committed to enacting this legislation."
Wrinkle welcomed the fresh dialogue, saying: "It's good to hear the commitment is there, we had heard from the Ministry of Works and we know they have been in touch with the Office of the Attorney General, so while we don't have a date yet we know there is work happening.
"We maintain that it is crucial for us to have this meeting as soon as possible, this bill will mean much-needed consumer protection which will give people the confidence to chose to have their homes built again.
"At some point the economy will pick up and we need to have our house in order before it does."
Thursday February 4, 2010