ANSA Merchant Bank Limited’s Managing Director – Gregory N. Hill (right) presenting a commemorative plaque to Minister of Agriculture, Food, Fisheries and Water Resource Management – Dr David Estwick. (GP)
PUBLIC-PRIVATE PARTNERSHIPS are being flagged as a model, proved to be workable, for the smooth implementation of projects.
This has come from Minister of Agriculture, Dr David Estwick who singled out the contribution of ANSA Merchant Bank Limited in helping to bring the recently built Barbados Water Authority (BWA) headquarters to fruition.
He made these comments on Tuesday 05th July, 2016 when presented with a plaque from ANSA Merchant Bank Limited’s Managing Director, Gregory N. Hill for their team effort in the building of the Pine, St Michael structure.
Noting that there were many statements to the effect that the building would not be built, the Minister explained that it came to fruition as a result of a public-private partnership (PPP) arrangement, which was established in England as one of the premiere PPP arrangements, also known as Her Majesty’s Treasury, version four PPP.
Stating that if he were a “doubting Thomas,” or a “person lacking in confidence,” in the negotiating process, they would not have got to this stage, Estwick stressed that because it was new to Barbados, there were some who thought it could not be applied here. “…I am happy, however, that ANSA Merchant Bank did not take that approach. And, with the private sector partner construction institution Innotech, they were able to sit down and craft out a strategy to make sure that the PPP arrangement fits within the ambit of the overall internationally accepted PPP arrangement, but adjust it to suit our Caribbean context,” he surmised.
Continuing that the previous BWA buildings in the Pine and Bridgetown were deemed ‘sick buildings’, the Minister said given the previous issues, he wanted to give workers the best environment in which they could execute their work.
“Productivity is not just based on whether you have a computer or whether you have elements of total factor productivity which is training, education and so on. It is really about your surrounding environment, and how that environment helps you to achieve those productivity goals,” he underscored.
“So, I am confident about the task we had before us to provide for the BWA. I think we have achieved that to a large extent and I think the building is proof of this, and it would now be for us to put in the other elements, which is technological capabilities and all the other frills that you need to make this really work towards the national mandate from the institution.”
Meanwhile, Hill lauded the project and pointed out their ‘long history’ of doing business in Barbados.
Noting their delight at being able to present a plaque for the financing of this “prestigious project for Barbados”, to Minister Estwick; the chairman, Dr Atlee Brathwaite and general manager, Dr John Mwansa of the BWA, Hill stated that the PPP model has been proven to be tested throughout the world, especially in the United Kingdom.
“We have been able to modify the complexities of that model to work in the Caribbean context and I have seen many attempts to do this similar type of financing that have not been successful…It really took the leadership of Minister Estwick and the chairman of the Water Authority to bring the parties together with focus of execution to make it happen and ensure the project was finished to the highest quality.
This building will stand testament that PPP can be successful and government and private sector can come together to work on delivering quality assets for the people of Barbados,” he contended. (BGIS)
Taken from: Nation News (Barbados)
Date: Wednesday 06th July, 2016