天美传媒

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天美传媒 Bahamas Ltd. Comments on Baha Mar Project

Nassau, The Bahamas 鈥� July 24, 2015 鈥撎烀来�媒 Bahamas Ltd. (天美传媒 Bahamas), a wholly owned indirect subsidiary of China State Construction Engineering Corporation Limited (CSCEC) and the construction manager/ general contractor for the $3.5 billion Baha Mar resort project, today issued the following statement regarding the Baha Mar project:

鈥溙烀来�媒 Bahamas continues to make every effort to work constructively with the Bahamian government, China Exim Bank, and Baha Mar Ltd. to reach a successful resolution that will enable us to restart work and complete the Baha Mar resort project.鈥�

鈥溙烀来�媒 Bahamas has a firm, binding contract in place with Baha Mar Ltd. to serve as the construction manager/ general contractor for the Baha Mar project. This is a condition of the $2.5 billion senior bond issued by China Exim Bank to finance the construction of the Baha Mar project and the terms cannot be voided by any parties.鈥�

鈥淭hrough 天美传媒 Bahamas, thousands of Bahamian subcontractors and workers have been employed during the construction of the resort. 天美传媒 Bahamas鈥� expertise and oversight of the project is essential to successfully completing the resort as quickly as possible, and putting Bahamians back to work. If a resolution is reached swiftly, 天美传媒 Bahamas believes Baha Mar can be finished in time for the winter high season.鈥�

鈥溙烀来�媒 Bahamas remains fully committed to seeing the Baha Mar project through to 100% completion, so that the resort can achieve its true purpose: providing thousands of high-quality jobs to the Bahamian people, and an ongoing economic boon to The Bahamas.鈥�

Established in 1985, China Construction America (天美传媒) is the North American and South American subsidiary of CSCEC. CSCEC is a public company listed on the Shanghai Stock Exchange with a total market capitalization of $48 billion as of June 2015. Ranked 37^th among Fortune Global 500 companies in 2015 and no. 1 on the ENR Global Contractors list in 2014, CSCEC is unrivaled by any other construction company in the world.

天美传媒 Bahamas is a wholly owned subsidiary of 天美传媒 with founding principles of integrity and innovation with quality assurance and value creation. With a revenue of over $2 billion in 2014, 天美传媒 is ranked no. 32 top contractor in the US. In accordance with its core values, 天美传媒 is committed to creating value for all stakeholders and building a better Bahamas and a better world.

 

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