NASSAU, The Bahamas -- The Hon. Jeff Lloyd, Minister of Education, said the ground breaking on Thursday for UB’s Residence and Multi-Purpose Complex is a “giant” step forward in increasing the country’s capacity to stimulate economic and social growth through education.  He added that the event is indicative of the valuable resources in the youth of the country, and commended the students who were an integral part of the planning phase of the complex.

It comprises: 1,000-bed residence facility, 400 parking stalls, more than 50,000 square feet of common areas including a fitness centre, study rooms, a 200-seat dining hall, a 500-seat ballroom and a spiritual life centre; faculty residences; and a retail commercial and business operation.

Phase 1 of construction on the $95 million residence and complex is anticipated to be completed by June 2021; and Phase 2 is scheduled to be completed by November 2021.  Construction and operation of the University Residence and Multi-Purpose Complex is based on a public private partnership including UB, Providence Investment and Development Company Ltd., and Asset Campus International.

The Prime Minister, the Most Hon. Dr. Hubert Minnis gave the keynote address, declaring the project, a major venture for the Over-the-Hill community that will revitalize surrounding communities, inject new vitality and provide opportunities for community engagement and business investments.

Among those in attendance were the Hon. Peter Turnquest, Deputy Prime Minister and Minister of Finance; Cabinet ministers, Parliamentarians, Senators, members of the Board of UB, government officials, members of the diplomatic corps, students and staff of UB and representatives of Providence Investment and Development Company Ltd.

Dr. Rodney D. Smith, President, UB, underscored that careful consideration in determining the location of the building was taken. Among the requirements: central location, situated to enhance the economic and social development of the entire surrounding community, especially Bain and Grants Town -- to become a significant part of the thriving and bustling Oakes Field campus, creating true living and learning environment.