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Infrastructure summit hailed a success

A visit to the KPMG Infrastructure Summit in Florida has been described as a huge success for the Island by Public Works Minister Trevor Moniz.

Speaking in the House of Assembly, he said: “The conference brought together parties interested in public private partnerships relating to the procurement of infrastructure projects from clients and law firms, as well as developers and investors.

“The hundreds of delegates were informed that there is potentially $57 trillion worth of infrastructure projects globally and that the potential infrastructure projects in the countries represented amounted to some $17 billion.

“From this, you can see that this is a very competitive market we are in and therefore it was critically important that Bermuda be seen as a good place to invest.”

Mr Moniz said Premier Craig Cannonier was the first to talk at the summit at one of many panels discussing the importance of infrastructure projects in the islands, emphasising the need for transparency, integrity and commitment to collaborative work.

The Premier also spoke on the creation of the Economic Development Committee (EDC), intended to cut down on the bureaucracy and move projects forward faster.

“The concept of the EDC was praised by a major developer later in the summit as an example that should be followed by others in the region,” he said.

“Bermuda also received praise during a later panel discussion for the ease in which the P3 contract for the King Edward VII Memorial Hospital had been set up. We were advised that this contract had been devised far more quickly than any in the UK.”

Mr Moniz said he participated in a panel on the second day of the summit, detailing the Heritage Wharf project, and that there had been another presentation involving Tourism Minister Shawn Crockwell on the proposed new airport.

“I can report that by attending the summit, it has put Bermuda in a very positive position and there were many positive comments from delegates about how things are done in our country,” he said.

“In addition, the Bermuda delegation learned and received invaluable advice, which will help investment in infrastructure which we are optimistic will go a long way to help generate jobs.”

Shadow Public Works Minister Derrick Burgess asked Mr Moniz if he informed those attending the summit that the Heritage Wharf project was incomplete, but Mr Moniz responded that the question was “silly” and Government never claimed the project would be completed by any point in time.

“Due to the defects and deficiencies in the construction of Heritage Wharf, we needed to upgrade that wharf order for the Breakaway to tie up along side on May 15 of this year, and that's what we accomplished,” he said. “There's only one Heritage Wharf. It's tied up to Heritage Wharf.”

Public Works Minister: Trevor Moniz.

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Published September 28, 2013 at 9:00 am (Updated September 28, 2013 at 12:48 am)

Infrastructure summit hailed a success

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