Projects

The BDB aims to provide a full package of support to development initiatives within The Bahamas. With the realization that infrastructure delivery has broader socio-economic and cross-border implications and impact, the Bank is primarily concerned with promoting the economic integration of the economy, The Bahamas Develepoment Bank strives to enable individuals in order to use local resources more effectively so that the region in turn can become more competitive in the global economy.

Funding Criteria

To qualify for funding, projects must meet certain key criteria. In the first instance, a project must be consistent with the BDB’s sectoral and geographic mandate, i.e. in support of infrastructure development within The Bahamas. Projects must deliver impact on the lives of the communities and areas they will serve. This implies that projects must be financially and economically viable and must benefit the economy of the host island. Projects must be socially responsible, environmentally sustainable, technically appropriate, and legally and contractually sound. The implementing agency must have the institutional capacity to plan, implement and manage the project. All risks must be clearly identified, thoroughly analyzed and prudently mitigated. Overall, the development impact of the project should be maximized and should be sustainable.

Project Life Cycle

Whilst the BDB adopts a rigorous approach to project appraisal, we strive to ensure that the process is streamlined and user-friendly. Although it is not possible to specify standard process times, the entire project appraisal and decision-making process may be completed within one to three months, provided that the project is at an advanced stage of preparation and the required information is available.

The appraisal process begins with the receipt of a project information memorandum, or business plan that identifies the nature and scope of the project; the structure of the sponsor or institution responsible for the project and its technical and financial ability to plan and implement the project. During the appraisal process, the BDB will evaluate the technical, financial, economical, environmental, social, institutional and legal aspects of the project and the applicant/ project owner. This is a highly interactive process that culminates in the project appraisal report and term sheet. Should BDB’s participation be approved, negotiations will commerce with the client regarding proposed terms and conditions. This process is concluded by the finalization of the relevant legal documentation and disbursement of funds.

Project List

Financial Management Services

The purpose of this invitation is to obtain proposals from the eligible Municipal Finance Management consulting firms to form a shortlist of preferred service providers who can be appointed for the provision of required professional services in the delivery of financial management services at municipalities. The BDB–Development Fund intends to procure services of several consulting firms for the purpose of executing the agreed work in selected municipalities as detailed in the main document for the invitation for proposals.

Town Planners and Development Planners

The purpose of this invitation is to obtain proposals from eligible town planning and development planning consulting firms to form a shortlist of preferred service providers who can be appointed for the provision of required professional services in the implementation of town and development planning initiatives at municipalities. The BDB–Development Fund intends to procure services of several consulting firms for the purpose of executing the agreed work in selected municipalities as detailed in the main document for the invitation for proposals.

Additional Information

Current Projects