Press Releases
ÀÖ²¥´«Ã½ Bahamas LTD. Comments on Memorandum Regarding Motions to Dismiss Baha Mar Chapter 11 Cases

September 15, 2015

ÀÖ²¥´«Ã½ Bahamas Ltd. (ÀÖ²¥´«Ã½ 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 in response to The United States Bankruptcy Court for the District of Delaware’s memorandum regarding motions to dismiss Baha Mar Ltd.’s Chapter 11 cases.

“ÀÖ²¥´«Ã½ Bahamas welcomes Judge Kevin Carey’s ruling to dismiss the vast majority of Baha Mar Ltd.’s Chapter 11 cases and supports the Court’s decision that issues concerning the Baha Mar Resort Project are best resolved within The Bahamas. This decision protects the interests of all principal stakeholders and provides greatest certainty to the future of the Baha Mar Resort.

“ÀÖ²¥´«Ã½ Bahamas remains committed to working with the Provisional Liquidators appointed by The Bahamian Supreme Court as this process moves forward. We possess unique expertise and understanding of the project, and we stand ready, willing and able to re-mobilize the appropriate resources to complete the Baha Mar Resort as soon as possible.â€

Established in 1985, China Construction America (ÀÖ²¥´«Ã½) 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.

ÀÖ²¥´«Ã½ Bahamas is a wholly owned indirect subsidiary of CSCEC with founding principles of integrity and innovation with quality assurance and value creation.  With revenue of approximately $2 billion in 2014, ÀÖ²¥´«Ã½ is ranked no. 32 top contractor in the US. In accordance with its core values, ÀÖ²¥´«Ã½ is committed to creating value for all stakeholders and building a better Bahamas and a better world.

MEDIA CONTACT:
Michael Curto
Squire Patton Boggs
+1 202 457 6000
michael.curto@squirepb.com

 

“ÀÖ²¥´«Ã½ Bahamas welcomes Judge Kevin Carey’s ruling to dismiss the vast majority of Baha Mar Ltd.’s Chapter 11 cases and supports the Court’s decision that issues concerning the Baha Mar Resort Project are best resolved within The Bahamas. This decision protects the interests of all principal stakeholders and provides greatest certainty to the future of the Baha Mar Resort.

“ÀÖ²¥´«Ã½ Bahamas remains committed to working with the Provisional Liquidators appointed by The Bahamian Supreme Court as this process moves forward. We possess unique expertise and understanding of the project, and we stand ready, willing and able to re-mobilize the appropriate resources to complete the Baha Mar Resort as soon as possible.â€

Established in 1985, China Construction America (ÀÖ²¥´«Ã½) 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.

ÀÖ²¥´«Ã½ Bahamas is a wholly owned indirect subsidiary of CSCEC with founding principles of integrity and innovation with quality assurance and value creation.  With revenue of approximately $2 billion in 2014, ÀÖ²¥´«Ã½ is ranked no. 32 top contractor in the US. In accordance with its core values, ÀÖ²¥´«Ã½ is committed to creating value for all stakeholders and building a better Bahamas and a better world.

MEDIA CONTACT:
Michael Curto
Squire Patton Boggs
+1 202 457 6000
michael.curto@squirepb.com

 

OTHER PROJECTS

445 South Street

Morristown, N.J.

99 Hudson Street

Jersey City, NJ

Amador Convention Center

Panama City, Panama

Baha Mar Resort

Nassau, The Bahamas

Nassau Airport Gateway

Nassau, The Bahamas

New York City Hall

New York, NY

North Charleston Coliseum

North Charleston, SC

One Ocean Condominium

Miami Beach, FL

Pulaski Skyway

Newark, Town of Kearny and Jersey City, N.J.

River Bluff High School

River Bluff High School

Lexington, S.C.

Riverhouse

Manhattan, NY

San Isidro Bus Station

San Miguelito, Panama

Station House

Washington, DC

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Miami, FL

Staten Island Expressway

Staten Island, NY

THE POINTE

Nassau, The Bahamas

USC Campuses

University of South Carolina

Columbia, S.C.; Aiken, S.C.

Wardman Tower

Washington, DC

Wittpenn Bridge

Jersey City and Kearny, NJ