Bahamas Striping Group raises $50M for Eleuthera & Long Island Infrastructure

Rashaed Esson

Staff Writer

#TheBahamas, May 23, 2023 – Putting an end to a cycle of “slow and  unsuccessful” development in Eleuthera and Long Island Bahamas, roughly $50 million dollars in available funds raised by the Bahamas Striping Group of Companies (BSGC), in a Private Public Partnership (PPP), will be poured into enhancing the islands from roads in dire need of repairs, seawalls thirsty for construction, to sidewalks and a playgrounds in need of rehabilitation and other projects.

This accomplishment of  BSGC is in line with 14 years of success thanks to the business model and a wavering quality of work, as expressed by Dominic Sturrup, Executive Chairman.

“Growth is assured when a business group’s interests are closely aligned with national interests. Determined and active nation building is a credo that is close to our hearts as a group, and our reputation for project work excellence has elevated the brand and brought success to the company,” he expressed.

BSGC has revised its funding model, and with it, funders pay for specific projects while the Government pays on the backend in installments, usually ranging from 3-5 years.

Essentials like equipment are covered by the funding and the Government is allowed to take under its wing and make paramount, other commitments while BSGC holds all liabilities, as opposed to its old business model where they were responsible for raising its own funds to execute its own projects.

BSGC has pulled into the project, Rowdy Boys Construction Company, Quick-Fix Construction Company and NuView Construction Company.

Bernard Knowles, President of Rowdy Boys Construction Company expressed gratitude for being included by BSGC, highlighting that his company has known struggle when it comes to funding.

“The Bahamas Striping Group of Companies support means a lot to me because I never left Long Island and there’s not a lot of opportunities here. I have a lot of staff that I struggle to keep so this is a way for me to also hire more people. BSGC has taken the initiative to believe in me and by getting this big project going.”

He further stated that he hopes skilled Long Islanders will want to return home since work is now available.

Elton Symonette, President of 39-year-old Quick-Fix Construction Company, mentioned that collaborating with BSGC will get jobs started. He added that Quick-Fix has its fingers crossed for a long term relationship.

He continued, “Getting things going in our community moves Eleuthera’s economy. It is also important for us to empower our people instead of going out of the country. When Eleutherans work in Eleuthera, our money stays here.”

Peter Kemp, President of Nu-View Construction Company gave shout outs to BSGC for taking the initiative to be the first to lead a partnership such as this. He further spoke to how beneficial the funding will be in allowing Eleuthera’s road improvement needs.

“I am well pleased to note that a Bahamian contractor has received the contract to do road repair for Eleuthera. This is the first time, especially for local contractors, to be able to get this amount of work subbed out to them from another contractor. This is something that you really don’t see on Family Islands.”

These contractors meet BSGC’s meet company and Ministry of Works standards.

BSGC, 26 years old, had come a long way and Sturrup made sure to highlight that  success in building funding did not happen overnight.

“The first-time seeking funding, whether locally or internationally, is always tough. Once you go through the initial process however, funders get to know you, understand you and trust you to deliver on time and within budget. We motivate future investments as funders see the work done,” he maintained.