Government Statement on Baha Mar

Posted on: June 30, 2015

Authored by:
Source: Bahamas Information Services
Date: June 30, 2015

 

PM'S+PRESS+CONFERENCE+ON+BAHA+MAR

Yesterday, without notice, Baha Mar filed a bankruptcy Chapter 11 petition in Delaware USA. This action was taken at a point when my personal intervention over several months with all three parties involved, led to substantial agreement on a packaged solution for additional funding by China Export Import Bank, the resumption of construction work by the general contractor, and the project completion. This is supported by exchange of correspondence as recently as June 26.

The Government wants to reiterate that the number one priority of all stakeholders involved with the Baha Mar project should be its swift completion and opening. It is of great importance to the nation and to all Bahamians that Baha Mar opens successfully. We must all work towards this goal as a matter of national priority. This is not the time to play politics, but rather, we must unite to ensure the best interest of The Bahamas and all Bahamians is met. In the interest of promoting transparency and national unity on an issue that clearly transcends partisan politics, I invite the Leader of the Opposition to attend a briefing on the matter.

The Government remains committed to being open and transparent with the Bahamian people, as it has since the beginning of this project. Any claim that the Government or I have been misleading the public as it relates to the status of Baha Mar is completely false. The Government has been working with all parties and negotiating in good faith, and with an end goal of a successful opening of Baha Mar. The decision by Baha Mar to file for Chapter 11 under the U.S. Bankruptcy Code does not change our end goal.

Negotiations must continue to progress immediately to ensure the successful opening as soon as possible. As previously stated, the Government will not take sides, but rather continue to support all stakeholders in coming to a resolution. As the Government of The Bahamas, we take the side of the Bahamian people, and we are acting to ensure the needs and interests of the people are first and foremost.

This project will provide great economic opportunities for our country. Collectively, our sole focus should be on Baha Mar opening so that the jobs of current and potential employees are protected. This goal should not be and will not be, distorted by politics.



All News

30TH INTER – SESSIONAL MEETING OF CARICOM HEADS OF GOVERNMENT -ST. KITTS AND NEVIS

Dr The Most Honourable Hubert Minnis,  traveled to attend the 30th Inter-Sessional Meeting of the Conference of the Heads of Government Meeting of the Caribbean Community CARICOM. The Prime Minister led a delegation of senior government officials to the two-day meeting, including Minister of Foreign Affairs Darren Henfield and High Commissioner of The Bahamas to…

The Commonwealth of The Bahamas offers condolences to the Government and People of New Zealand

The Ministry of Foreign of the Commonwealth of The Bahamas, on behalf of the Government and people of the Commonwealth of The Bahamas, expresses sincerest condolences to the Government and people of New Zealand following the tragic, horrific and fatal terrorist attacks that occurred on the Mosques in Christchurch on 14 March 2019. We pray…

The Commonwealth of The Bahamas offers condolences to the Government and People of the Federative Republic of Brazil

The Ministry of Foreign Affairs of the Commonwealth of The Bahamas, on behalf of the Government and people of the Commonwealth of The Bahamas, expresses heartfelt condolences to the Government and people of the Federative Republic of Brazil following the fatal shooting incident that occurred in Suzano, Brazil, on Wednesday, 13 March 2019.   The…

THE REPUBLIC OF ESTONIA CELEBRATES 101 YEARS OF INDEPENDENCE

THE REPUBLIC OF ESTONIA CELEBRATES 101 YEARS The Government and people of the Commonwealth of The Bahamas congratulate the people of the Republic of Estonia on one hundred one (101) years of nationhood. The Bahamas and Estonia established diplomatic ties in October 2005. Since then, the relationship between both countries has demonstrated a willingness towards…

BRUNEI DARUSSALAM CELEBRATES 35TH NATIONAL DAY 

BRUNEI DARUSSALAM CELEBRATES 35TH NATIONAL DAY The Government and people of the Commonwealth of The Bahamas congratulate the people of Brunei Darussalam on the 35th Anniversary of their National Day. The Bahamas and Darussalam continue to enjoy friendly relations since they established diplomatic ties in 2016. We are confident that the partnership between both countries…