New Providence Road Improvement Case Study
The Impact of Road Improvement on Small Business
Historically governments have invested millions of dollars on upgrading the infrastructure of a country by providing the necessary capital and labor needed. The economic rationale for government involvement is that infrastructure investment requires large capital outlays, and has very long pay-off periods (Investment Insight, 2012). Infrastructure is defined as the basic inputs into and requirements for the proper functioning of the economy. This consist of transport infrastructure such as roads and airports, energy infrastructure such as energy and water supplies, telecommunications infrastructure such as communication networks and basic utilities infrastructure such as hospitals and health …show more content…
Based on the fact that the New Providence Road Improvement project previously had a $162 million budget allocated to it, and that this was “depleted” at end-February 2012, it would appear that the extra $77 million in financing will take total spending on it to $239 million. #Some $30.6 million of this will have come directly from the Bahamian government, with $208.4 million provided by the IDB.#The $239 million figure is more than triple, or 262 per cent, above the initial $66 million IDB loan for the project, and more than four times’ - 360 per cent - higher than the $52 million contract given to the original contractor, Associated Asphalt. (Hartnell, …show more content…
In July 2011, He said, “The Blue Hill store, the sales went off some 30 percent. Between the Blue Hill Road store and the Robison Road store our losses we’d be entitles to claim on because of these road works, are already over $1 million. In the case of Blue Hill Road, if it wasn’t for our consideration for
The government made decisions to impact the economy instead of focusing strongly on the small businesses and consumers. Consumption spending and investment spending play a major role in stimulating GDP and therefore the economy. Proper planning of the New Providence Road Improvement Project would have positively benefitted those businesses that have closed down, persons who loss jobs and congestion. As the road work continued there was much outcry from business owners in the blue hill area. The areas of this study include businesses from AF Adderley High School to the intersection by St. Barnabas Anglican
Historically governments have invested millions of dollars on upgrading the infrastructure of a country by providing the necessary capital and labor needed. The economic rationale for government involvement is that infrastructure investment requires large capital outlays, and has very long pay-off periods (Investment Insight, 2012). Infrastructure is defined as the basic inputs into and requirements for the proper functioning of the economy. This consist of transport infrastructure such as roads and airports, energy infrastructure such as energy and water supplies, telecommunications infrastructure such as communication networks and basic utilities infrastructure such as hospitals and health …show more content…
Based on the fact that the New Providence Road Improvement project previously had a $162 million budget allocated to it, and that this was “depleted” at end-February 2012, it would appear that the extra $77 million in financing will take total spending on it to $239 million. #Some $30.6 million of this will have come directly from the Bahamian government, with $208.4 million provided by the IDB.#The $239 million figure is more than triple, or 262 per cent, above the initial $66 million IDB loan for the project, and more than four times’ - 360 per cent - higher than the $52 million contract given to the original contractor, Associated Asphalt. (Hartnell, …show more content…
In July 2011, He said, “The Blue Hill store, the sales went off some 30 percent. Between the Blue Hill Road store and the Robison Road store our losses we’d be entitles to claim on because of these road works, are already over $1 million. In the case of Blue Hill Road, if it wasn’t for our consideration for
The government made decisions to impact the economy instead of focusing strongly on the small businesses and consumers. Consumption spending and investment spending play a major role in stimulating GDP and therefore the economy. Proper planning of the New Providence Road Improvement Project would have positively benefitted those businesses that have closed down, persons who loss jobs and congestion. As the road work continued there was much outcry from business owners in the blue hill area. The areas of this study include businesses from AF Adderley High School to the intersection by St. Barnabas Anglican