Press Releases
乐播传媒 Bahamas Ltd. Comments on Baha Mar Project
July 24, 2015
Nassau, The Bahamas 鈥� July 24, 2015 鈥摾植ゴ� Bahamas Ltd. (乐播传媒 Bahamas), a wholly owned indirect subsidiary of China State Construction Engineering Corporation Limited (CSCEC) and the construction manager/ general contractor for the $3.5 billion Baha Mar resort project, today issued the following statement regarding the Baha Mar project:
鈥溊植ゴ� Bahamas continues to make every effort to work constructively with the Bahamian government, China Exim Bank, and Baha Mar Ltd. to reach a successful resolution that will enable us to restart work and complete the Baha Mar resort project.鈥�
鈥溊植ゴ� Bahamas has a firm, binding contract in place with Baha Mar Ltd. to serve as the construction manager/ general contractor for the Baha Mar project. This is a condition of the $2.5 billion senior bond issued by China Exim Bank to finance the construction of the Baha Mar project and the terms cannot be voided by any parties.鈥�
鈥淭hrough 乐播传媒 Bahamas, thousands of Bahamian subcontractors and workers have been employed during the construction of the resort. 乐播传媒 Bahamas鈥� expertise and oversight of the project is essential to successfully completing the resort as quickly as possible, and putting Bahamians back to work. If a resolution is reached swiftly, 乐播传媒 Bahamas believes Baha Mar can be finished in time for the winter high season.鈥�
鈥溊植ゴ� Bahamas remains fully committed to seeing the Baha Mar project through to 100% completion, so that the resort can achieve its true purpose: providing thousands of high-quality jobs to the Bahamian people, and an ongoing economic boon to The Bahamas.鈥�
Established in 1985, China Construction America (乐播传媒) is the North American and South American subsidiary of CSCEC. CSCEC is a public company listed on the Shanghai Stock Exchange with a total market capitalization of $48 billion as of June 2015. Ranked 37th among Fortune Global 500 companies in 2015 and no. 1 on the ENR Global Contractors list in 2014, CSCEC is unrivaled by any other construction company in the world.
乐播传媒 Bahamas is a wholly owned subsidiary of 乐播传媒 with founding principles of integrity and innovation with quality assurance and value creation. With a revenue of over $2 billion in 2014, 乐播传媒 is ranked no. 32 top contractor in the US. In accordance with its core values, 乐播传媒 is committed to creating value for all stakeholders and building a better Bahamas and a better world.
Media Contact:
Squire Patton Boggs
Name: Michael Curto
Email: michael.curto@squirepb.com
Office Phone: 202-457-6000
鈥溊植ゴ� Bahamas continues to make every effort to work constructively with the Bahamian government, China Exim Bank, and Baha Mar Ltd. to reach a successful resolution that will enable us to restart work and complete the Baha Mar resort project.鈥�
鈥溊植ゴ� Bahamas has a firm, binding contract in place with Baha Mar Ltd. to serve as the construction manager/ general contractor for the Baha Mar project. This is a condition of the $2.5 billion senior bond issued by China Exim Bank to finance the construction of the Baha Mar project and the terms cannot be voided by any parties.鈥�
鈥淭hrough 乐播传媒 Bahamas, thousands of Bahamian subcontractors and workers have been employed during the construction of the resort. 乐播传媒 Bahamas鈥� expertise and oversight of the project is essential to successfully completing the resort as quickly as possible, and putting Bahamians back to work. If a resolution is reached swiftly, 乐播传媒 Bahamas believes Baha Mar can be finished in time for the winter high season.鈥�
鈥溊植ゴ� Bahamas remains fully committed to seeing the Baha Mar project through to 100% completion, so that the resort can achieve its true purpose: providing thousands of high-quality jobs to the Bahamian people, and an ongoing economic boon to The Bahamas.鈥�
Established in 1985, China Construction America (乐播传媒) is the North American and South American subsidiary of CSCEC. CSCEC is a public company listed on the Shanghai Stock Exchange with a total market capitalization of $48 billion as of June 2015. Ranked 37th among Fortune Global 500 companies in 2015 and no. 1 on the ENR Global Contractors list in 2014, CSCEC is unrivaled by any other construction company in the world.
乐播传媒 Bahamas is a wholly owned subsidiary of 乐播传媒 with founding principles of integrity and innovation with quality assurance and value creation. With a revenue of over $2 billion in 2014, 乐播传媒 is ranked no. 32 top contractor in the US. In accordance with its core values, 乐播传媒 is committed to creating value for all stakeholders and building a better Bahamas and a better world.
Media Contact:
Squire Patton Boggs
Name: Michael Curto
Email: michael.curto@squirepb.com
Office Phone: 202-457-6000
OTHER Press Releases
- 乐播传媒 President Ning Yuan Received Blue Cloud Award at China Institute鈥檚 Annual Gala November 7, 2017
- 乐播传媒 Officially Adopts China Construction America (乐播传媒) as Trade Name October 19, 2017
- China Construction America Celebrates 30th Anniversary in the US September 21, 2015
- 乐播传媒 Bahamas LTD. Comments on Memorandum Regarding Motions to Dismiss Baha Mar Chapter 11 Cases September 15, 2015
