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

THE HON. DARREN HENFIELD ATTENDS 22ND COFCOR MEETING – ST. GEORGE’S, GRENADA

FOR IMMEDIATE RELEASE Minister Henfield attends 22nd COFCOR Meeting in Grenada ST. GEORGE’S, Grenada — The Honourable Darren Henfield, MP, Minister of Foreign Affairs led a delegation to the 22nd Meeting of the Council of Foreign and Community Relations COFCOR. The meeting which took place on the 13 and 14 of May, was attended by…

BAHAMIAN NAMED 2019 YOUNG DIPLOMAT OF THE YEAR

Press Release London, UK: On Monday 29th April 2019, Mr. Wilfred T. Adderley II, Second Secretary/Vice Consul, at The Bahamas High Commission received the award for Young Diplomat of the Year for 2019 at the 11th Diplomat Awards Ceremony organised by DIPLOMAT Magazine.The awards ceremony was held at the Jumeirah Carlton Towers and was attended…

Passing of Sir Alister McIntyre

The Ministry of Foreign Affairs of the Commonwealth of The Bahamas, on behalf of the Government and people of The Bahamas, extends sincere condolences to the family and friends of Sir Alister McIntyre, who passed away on 20 April 2019.   He was a statesman and international public servant who, among many important achievements, led…

MRS. ERICA WARD, FOREIGN SERVICE OFFICER DELIVERS PRESENTATION AT SPEAKER’S FORUM

Mrs. Erica Ward Addresses Colleagues at Speaker’s Forum On Tuesday, 23rd April 2019, Mrs. Erica Ward delivered a presentation on her participation in “Juntos!! Japan-Latin America and The Caribbean Exchange Programme”, held in Tokyo, Japan from the 3rd to 11th March, 2019. The programme was designed to encourage an understanding of Japan’s society, diverse culture,…

THE BAHAMAS ATTENDS US – CARIBBEAN RESILIENCE PARTNERSHIP MINISTERIAL MEETING

Bahamas at US-Caribbean Resilience Partnership Ministerial Meeting The Honourable Darren A. Henfield, MP, Minister of Foreign Affairs, led a delegation from The Bahamas to Miami, Florida, for a one-day Ministerial Meeting that resulted in the launch of the US-Caribbean Resilience Partnership on 12th April 2019. The Meeting, which took place at the U.S. Southern Command…