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

REMARKS BY MR PETER DEVEAUX-ISAACS, PERMANENT SECRETARY, ON THE OCCASION OF THE CELEBRATION OF THE 2020 CHINESE SPRING FESTIVAL IN THE COMMONWEALTH OF THE BAHAMAS

The Hon. Jeffrey Lloyd, MP, Minister of Education, The Hon. Brian Moree, QC, Chief Justice, Dame Marguerite Pindling, Former Governor-General of the Commonwealth of The Bahamas, The Hon. Philip Davis, MP, Leader of Her Majesty’s Official Opposition, Members of Parliament, Your Excellency, Ambassador HUANG Qinguo, and Madam ZHENG Chuncao, Senior Government Officials, Members of the…

2020 SCHOLARSHIP OPPORTUNITY FOR CITIZENS OF OAS MEMBER STATES — GOVERNMENT OF THE PEOPLE’S REPUBLIC OF CHINA

The Department of Human Development, Education & Employment of the Executive Secretariat for Integral Development, through the OAS Partnerships Program for Education & Training, invites Bahamian nationals to submit applications to become recipients of scholarships and study in China at all levels.   The document also lists the following info: Application criteria & eligibility Scholarship…

India’s High Commissioner Pays Courtesy Call at the Ministry of Foreign Affairs

NASSAU, The Bahamas — India’s High Commissioner to The Bahamas His Excellency M. Sevala Naik (centre left) paid a courtesy call at the Ministry of Foreign Affairs, January 8, 2020 where he was greeted by Permanent Secretary Peter Deveaux Isaacs and other officials of the Ministry.  Pictured from left during the courtesy call: Foreign Service…

The Commonwealth of The Bahamas and The Republic of Belarus Establish Diplomatic Relations

9th December 2019- The Commonwealth of The Bahamas and the Republic of Belarus formalised diplomatic relation through the execution of a Joint Communique on the Establishment of Diplomatic Relations. . The signing ceremony was held at the Permanent Mission of the Republic Belarus to the United Nations – New York. Her Excellency Ms. Sheila Carey,…

REMARKS BY THE HONOURABLE DARREN A. HENFIELD, MP, MINISTER OF FOREIGN AFFAIRS OF THE COMMONWEALTH OF THE BAHAMAS

Nassau, The Bahamas Monday, 16th December 2019   My Parliamentary Colleague and High Commissioner to CARICOM Reuben Rahming; The Dean of the Diplomatic Corps (Ambassador HUANG Qinguo, People’s Republic of China) (Our host) The Dean of the Honorary Consular Corps (Mr Maxwell Gibson, Republic of Korea) Excellencies, Members of the Diplomatic Corps, Members of the…