Minister: ‘I did everything right’ on $267m hospital’s financing

By NEIL HARTNELL

Tribune Business Editor

nhartnell@tribunemedia.net

A Cabinet minister yesterday revealed US government-backed institutions showed “no appetite” to finance the new $267m hospital while the UK offer emerged when the China deal was “95 percent done”.

Dr Michael Darville, minister of health and wellness, told Tribune Business he “did everything the right way” and “in the best interests of the Bahamian people in terms of interest rate and time to get it done” in securing financing for New Providence’s second hospital - a project the Government views as critical to better serving the public’s healthcare needs.

Speaking after the UK High Commission revealed that an alternative offer to finance the new hospital, involving UK Export Finance, the British government’s trade credits guarantee arm, was made to the Davis administration earlier this year, he revealed that accepting it would have sent a project at least two-and-a-half years in the making “back to the drawing board”.

Dr Darville, telling this newspaper that it was almost impossible to accept the UK offer because the financing negotiations with China were so far advanced, also reiterated that the Government had first approached the US Export-Import Bank, the American government institution that underwrites trade and export funding, for the hospital monies but it, too, showed little interest in aiding the project.

The minister, signalling that The Bahamas had little choice bit to seek Chinese financing, especially given the low 2 percent interest rate and five-year repayment “grace period” offered, spoke after Latrae Rahming, the Prime Minister’s communications director, confirmed this nation has no desire to become caught up in “the geo-political” fight between Beijing and Washington D.C.

“In so far as a UK firm expressing interest in the hospital, after a conversation with minister of health, who had indicated he was approached by the respective firm, the project was already advanced in its stage,” Mr Rahming added, explaining why the UK Export Finance offer was rejected. “The Government had indicated more than a year ago its intent to proceed with securing funding.”

As a result, the hospital project was “too far” advanced in its development and negotiations with the China Export-Import Bank, which also financed Baha Mar, for the UK offer to be obtained. Mr Rahming said the terms offered by the Chinese government-owned institution are a “very favourable financing arrangement for the Government of The Bahamas”. 

The Prime Minister’s communications director also confirmed that the Government had “expressed an openness” to working with UK Export Finance, which is understood to be underwriting the $80m Glass Window Bridge Replacement, on future projects and financings in The Bahamas.

Steering clear of the geo-political fray over what he described as “strictly a financial transaction”, Dr Darville said Tribune Business was “right on target” when asked if he and the Davis administration had sought the hospital financing from US and other sources before turning to - and settling on - China.

Affirming that there was “some private sector interest” initially in providing the funding, he added that this source was turned down because the interest rate attached to any debt financing would be too high and costly for Bahamian taxpayers to service. “The interest was the real concern,” the minister confirmed.

Dr Darville said that then, “working with the US embassy at the time”, the Government sought to determine whether the US Export-Import Bank might be interested in underwriting, or guaranteeing, the new hospital. He and Prime Minister Philip Davis KC met with the bank’s chief executive at the Summit of the Americas in early 2022, but the institution at that time was more interested in other types of infrastructure projects.

“We did reach out to the US Export-Import Bank but there was no appetite at the time,” Dr Darville said. “I didn’t do this in isolation. I reached out to the US embassy first. I did everything the right way.” He added that the embassy’s former charge d’affaires under the Biden administration and staff were fully aware of what he and the Government were doing at all times in relation to the hospital.

The UK High Commission, in its statement, asserted that the UK Export Finance offer was designed to match or beat the Chinese terms when it came to project cost, construction timelines and repayment conditions. The Prime Minister, it added, asked them to submit a formal offer to the Ministry of Health.

Dr Darville, echoing Mr Rahming, said the UK offer had simply emerged too late - and the Government was too close to closing the financing deal with the China Export-Import Bank - for it to reverse course on the second New Providence hospital’s funding.

“I did meet with them in good faith,” he added of the UK offer, “sat down with them with my entire team at the ministry. We outlined the project, indicated it was at an advanced stage, and a lot of the design work was completed.” As a result, Dr Darville said it would be tough - it not almost impossible - to “shift gears” at such a late stage by accepting the UK bid.

He added that himself and Ministry of Health and Wellness officials came to “a consensus that the project was too far gone by the time they [the UK] got to me, and we could not turn back because the deal was pretty much done. If there was interest, the interest should have been shown a year ago, not in the final few months before we did the deal.

“The deal was pretty much completed by the time we met with UK Export Finance,” Dr Darville added. “All I was doing was looking for economical financing... I reached out to the US government. They had no appetite. I reached out to the Chinese government and they expressed an interest.

“The UK came back to me in the final hour. We were serious about this facility. This is serious business. The Government came back to me when the deal was 95 percent done. This is strictly a financial transaction, and in the best interests for the Bahamian people in terms of the interest rate and the time to get it done.

“If it was to stop, this deal would not happen under this administration and we would have to go back to the drawing board. It’s a complicated thing to get done.” Dr Darville said changing the hospital’s financing partner at such a late stage would likely mean alterations to designs, construction materials and other plans - requiring at least another eight to nine months’ additional work.

“It would be something this administration would not be able to accomplish,” he added. “It would be on to the next administration. I’ve been working on this for two-and-a-half years. It’s been a complicated matter to get it to where it’s needed.

“It does not happen overnight. This has been reviewed, reviewed, reviewed, reviewed back and forth by engineers. This is a major project, and a 2 percent interest rate, five-year grace period on repayments, no one can offer you that. You cannot get that.”

Comments

ExposedU2C says...

Corrupt nut head Darville and Puppet PM Davis will next be telling us that the Bahamas had no choice but to cave in to the interests of the ChiComs because both Communist China and India (both BRIC nations) threatened to withhold their exports of medications and other medical supplies to the Bahamas if the interests of the CCP were not fully respected. And the CCP's IslandWarrior AI Bot that now frequently posts comments to this website knows all about this threat.

Posted 15 July 2025, 10:37 a.m. Suggest removal

bahamianson says...

Well, in the Tribune it said that the UK didn’t offer a good deal and in the same article, you said they offered a deal too late. Which is it?

Posted 15 July 2025, 10:39 a.m. Suggest removal

Dawes says...

Whichever one helps their side of the discussion at the time

Posted 15 July 2025, 10:43 a.m. Suggest removal

moncurcool says...

And in one breathe said no competitive offer was made. Then in another that the process was too far gone.

These dudes never could tell the truth or get the facts straight.

Posted 15 July 2025, 4:54 p.m. Suggest removal

Dawes says...

The Government may not want to get involved in the geo-political fray, but it will have no choice. Yet again the world is being split between two (at least) parties. Hope we choose the better side for us.

Posted 15 July 2025, 10:44 a.m. Suggest removal

tetelestai says...

What part of the US didnt want to fund the hospital is not getting through to you. We didn't choose China - there was no choice.
And, I believe Dr. Darville regarding the timing of the UK offer.

Posted 16 July 2025, 6:14 a.m. Suggest removal

Dawes says...

How was there no choice? Obviously there was the UK, even though you chose to say timing was wrong, but that's still a choice. But there is also the open market where we could borrow. Just like we have done for countless other items (remember how they were bragging about how much they were able to get from the open market). There was plenty choices, this is the one that helps the Govt tick a political box before an election, and China gets what it needs (influence and able to direct us how to vote on issues). as well as employ its people to build it.

Posted 16 July 2025, 9:10 a.m. Suggest removal

bahamianson says...

Also, how many Bahamians believe that politicians are getting something under the table with the deal with China? How many politicians have already lined up contracts to maintain, clean deliver for the hospital? How many politicians have or will get money under the table? We need the Freedom of Information Act to find out . We need Campaign Finance Laws to stop individuals from swaying the government,buying the government, and becoming politicians and finally Prime Ministers. Where are the watch dogs? Where is the FNM watch dog ? These matters should be front and center. The opposition seems to be very weak.

Posted 15 July 2025, 10:44 a.m. Suggest removal

ExposedU2C says...

The ChiComs now controlling our senior elected officials will never allow a meaningful Freedom of Information Act or Campaign Finance Laws.

Posted 15 July 2025, 11:49 a.m. Suggest removal

IslandWarrior says...

> Thank you, China, for your friendship.

Posted 15 July 2025, 12:29 p.m. Suggest removal

IslandWarrior says...

The same pattern of neglect can be clearly seen in the case of a Bahamian proposal for Bay Street Redevelopment—one of the most critical urban renewal and economic revitalization efforts in The Bahamas. For over two years, outreach has been made to UK and US investors and development institutions, inviting them to engage with a project that would reshape the heart of Nassau, create jobs, unlock tourism value, and restore a neglected corridor of national importance. And what has been the response? Silence. Dismissiveness. Apathy.

These are the same countries that never hesitate to lecture us on “good governance,” “regional security,” and “investment risk,” but when Bahamians present visionary, shovel-ready plans to stimulate the economy and reassert national pride—they simply look the other way. These are also the same voices now crying foul over China’s involvement, as if we must sit and wait for a permission slip from former colonial landlords or indifferent hegemonic partners before developing our own capital city.

Contrast that with China.

Within 30 days of outreach, the Chinese Embassy responded with professionalism and seriousness, expressing interest and actively seeking to schedule a formal meeting. That’s the difference between performative allies and practical partners. China didn’t dismiss us. They didn’t deflect. They acknowledged the strategic importance of Bay Street and opened the door for further dialogue—something the West failed to do after two years of opportunity.

This isn’t about ideology. It’s about results.

Western partners had ample time to act—and chose not to. Whether out of geopolitical hesitation, investment prejudice, or simple the colour of our skin, they forfeited their chance to lead. And now, having been absent when it mattered most, they feign concern when China steps up to the table.

A project like the Bay Street Project is not political—it is transformational. And Bahamians are tired of begging for attention from partners who only show up to lecture or interfere, but never to build. The time has come to work with those who actually answer the call—not those who hang up when the stakes are high.

So let it be known: China responded in 30 days. The West has had two years.
We don't owe loyalty to those who ignore us. We owe progress to our people.

http://tribune242.com/users/photos/2025…

Posted 15 July 2025, 12:51 p.m. Suggest removal

moncurcool says...

Minister said he did everything right on the financing.

My question is, where was the RFP? Why was this not an open bidding project? Why done in secrecy?

Posted 15 July 2025, 4:56 p.m. Suggest removal

IslandWarrior says...

School:

No, there was no RFP for the loan—because financing isn’t done through public bidding.

Governments negotiate financing directly with banks or export credit agencies (like China EXIM or US EXIM). It’s about getting the best terms—interest rate, repayment period, grace period—not about who builds the project. And for sure, China would have terms attached (like 50% Chinese Work force), just as the UK would term attached (like 60% of supplies must be product manufactured in the UK).

Posted 15 July 2025, 9:53 p.m. Suggest removal

ExposedU2C says...

Not to mention the cash bribes the ChiComs are well known for paying to corrupt politicians around the world to get whatever they want. lol

Posted 16 July 2025, 1:57 p.m. Suggest removal

tetelestai says...

Every day you all jump on this app and show just how laughably ignorant you are.

Posted 16 July 2025, 6:15 a.m. Suggest removal

ExposedU2C says...

You sound Greek to me. lol

Posted 16 July 2025, 1:58 p.m. Suggest removal

Porcupine says...

My apologies for not believing one word from the man in the picture above.
Anyone who cannot connect the dots for why there is Zero public consultation on any of this is part of the problem.
The issue is about dishonesty and deceit from our "leadership", not about where we will borrow the next hundred million from.

Posted 16 July 2025, 7:49 a.m. Suggest removal

IslandWarrior says...

The new hospital has been on the drawing board since the 1970s; at long last, construction is finally under way—and none too soon. But once the building is complete, we will confront the next hurdle: staffing it with qualified physicians.

Here’s the uncomfortable truth. Dozens of Bahamian students earned full medical scholarships from the People’s Republic of China, completed rigorous training, and returned home ready to serve. Yet many are barred from sitting their licensing exams because Western‑aligned accreditation bodies refuse to recognise their Chinese credentials. That geopolitical pettiness doesn’t just disadvantage those young doctors—it deprives Bahamian patients of desperately needed care.

If we are serious about modernising healthcare, we must address this bottleneck. Either our regulators establish a clear, science‑based pathway for recognising reputable Chinese medical degrees, or we condemn ourselves to a gleaming new facility with too few doctors to run it.

Posted 16 July 2025, 9:03 a.m. Suggest removal

Dawes says...

It is not a hospital. rather a glorified clinic.

Posted 16 July 2025, 9:13 a.m. Suggest removal

ExposedU2C says...

Whatever you say ChiCom Bot. LOL

Posted 16 July 2025, 1:59 p.m. Suggest removal

birdiestrachan says...

Doctor Darville cares about people. Fnms told me so the fees to sell him was not much. How much does it cost to see doc Sands. GOD BLESS YOU DOCTOR Darville and he God will reward your work

Posted 16 July 2025, 8:16 p.m. Suggest removal

birdiestrachan says...

The fees for his visits as a doctor was not much. He is a doctor and an engineer. He only wants to serve his country

Posted 16 July 2025, 8:26 p.m. Suggest removal

hnhanna says...

The government has a trust issue. From day one, it seemed that the government wanted China to manage this project. China also appears to have some mysterious motives for financing it. Given all the corrupt matters that have come to light during the past three years, many people are left wondering: whom can we trust?

Posted 16 July 2025, 10:47 p.m. Suggest removal

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