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Article: Bahamas : China firm to invest $99m in Baha Mar.

Article from:
TendersInfo
Article date:
September 8, 2009
Copyright

Byline: manish03

China State Construction Engineering Corporation has committed to investing $99 million in the Baha Mar Resort, The Nassau Guardian has confirmed.

The firm is also finalizing details with Baha Mar officials related to a $1.92 billion construction contract for the planned redevelopment of the Cable Beach strip.

Baha Mar officials, who remain locked in a legal dispute with Harrah's Entertainment, have not yet made any announcement on the specific investment to be made by the Chinese corporation.

Bloomberg News reported yesterday that in filings to Shanghai's stock exchange, China State Construction said it "won a $1.92 ...

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