Categorized | National News

Creditors Pleased With Baha Mar Deal

Immediately following the Prime Minister Perry Christie’s announcement various creditors and contractors gave impromptu responses expressing their appreciation and gratitude to Mr. Christie and his team for working so diligently to reach an agreement that would result in the millions of dollars owed to them being reimbursed.

 The various heads voluntarily and unrehearsed each spoke briefly on the faith they put into Mr. Christie that he would find a solution.

 Leading the pack was Denise Abrahamsen, former Baha Mar employee’s representative.

 “Thank you prime minster for your dedication, for you welcoming us and hearing our concerns and our prayers,” she said.

 “We also want to thank the Lord as well as your team who have been so professional and so welcoming and the agency’s that were there to assist us.”

 Godfrey Forbes, immediate past president of the Bahamian Contractors Association also thanked the government on behalf of construction workers.

 “I must say that this is indeed a good day in The Bahamas especially for contractors thought the length and breadth of this Commonwealth of The Bahamas,” Mr. Forbes said.

 “On behalf of your president and our entire membership we are indeed thankful to you and your team for the deal you have negotiated for us.”

 “We’ve been at the table with you as far as the retailers over at Baha Mar, the lease holder. We sat across from you and explain our position and told you of the millions of dollars we had invested,” said John Bull’s Director of Business Development and Baha Mar Retailer’s Representative Inga Bowleg.

 “The number of employees that we have had retained and still have ion staff because we believed in your promise and you came through for us and the Bahamian people and we thank you.”

 Other creditors present included Peter Whitehead principal of Osprey Development and Gunite Pools, President of CGT Construction Larry Treco, Ministers of Parliament (MP) and many others.

 Yesterday, Mr. Christie announced that the Supreme Court had in the late evening approved an agreement between the government and Baha Mar’s secured creditor, China Export-Import Bank.

 Work on the billion-dollar resort is scheduled to resume next month.


Written by Jones Bahamas

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