"The People's Station"

  • China Construction America on the Baha Mar Negotiations

    Statement from China Construction America on the Baha Mar negotiations

    NASSAU, BAHAMAS - “We have continually acted in good faith and have gone above and beyond our obligation as a traditional construction contractor since the inception of Baha Mar. These actions have remained consistent throughout the duration of our negotiations with the Bahamian government, China Exim Bank and Baha Mar Ltd (BML).

    We were represented at every meeting by senior leadership of CCA Bahamas and our parent company, China State Construction and Engineering Company (CSCEC), and have worked tirelessly with all of the parties to make significant compromises in order to try and reach a constructive and successful resolution.

    As disclosed in our press release on July 27, 2015, we offered to invest an additional $100 million in Baha Mar Ltd. Additionally, in order to help satisfy China Exim Bank’s requirement that 100% of its new $200 million loan facility be guaranteed, we offered to provide a Financial Guarantee of $175 million to the China Exim Bank. In return of using the strength of our balance sheet to provide this guarantee, we requested Mr. Izmirlian provide our Company with a personal guarantee of not less than $100 million. We offered Mr. Izmirlian the option of providing his personal guarantee in any number of ways, including in the form of pledged collateral. Our offer to help satisfy China Exim Bank’s requirement of a full guarantee of the $200 million loan was rejected by Mr. Izmirlian.

    This is precisely the reason a deal was unable to be consummated.

    It is regrettable that we have been unable to reach a mutually beneficial agreement with all of the parties involved at this time. However, we stand ready to move forward in concert with any and all parties to get this project back on track as quickly as possible. Our priority since breaking ground has been to successfully complete this historic resort. We are looking forward to achieving this milestone before the high season.”

    Read more...

    0 comments

  • 17-Year-Old Man Shot To Death Through Podoleo Street

    WATCH POLICE INTERVIEW @ THE SCENE

    POLICE has launched an intense island-wide search for two armed suspects responsible for the shooting death of a man that occurred on Tuesday 28th July 2015.

    According to reports, around 5:00pm, a man was walking on Podoleo Street with another man, when two

    males armed with handguns approached and fired several shots at them before fleeing on foot.

    The victim received multiple gunshot wounds and died from his injuries on the scene.

    The identity of the victim is being withheld pending identification by next of kin.

    Read more...

    0 comments

  • Government reports 'Considerable Progress' in Baha Mar Negotiations

    Read more...

    0 comments

  • BNFC Releases Junkano Carnival Report

    WATCH THE STORY

    The Bahamas National Festival Commission is calling the first-ever Junkanoo Carnival a ‘resounding success' that had a ‘positive’ impact on the country.

    Read more...

    0 comments

  • PM Christie Outlines Plans For Economic Growth on GB

    WATCH THE STORY

    Prime Minister Rt. Hon. Perry Christie outlined several projects in the pipeline aimed at spurring economic growth in the Northern Bahamas.

    Read more...

    0 comments

  • Govt. Signs $1.3M Contract To Construct Storage Facility on GB

    Read more...

    0 comments

  • Basden "Coming BEC Restructuring Is Overdue"

    Read more...

    0 comments

  • Jamaicans In The Bahamas Prepare To Celebrate Independence

    Read more...

    0 comments

  • West Grand Bahama Fire Station Re-commissioned

    WATCH THE STORY

    Government officials gathered in West Grand Bahama Tuesday for the blessing of two new fire trucks and a new fire station.

    Read more...

    0 comments

  • BTC Island Connection - Keeping Georgetown Primary School Beautiful & Connected

    Read more...

    0 comments

SOCIAL MEDIA

PROMOTIONS

LOCALPROGRAMINGADs-CURRYweb

NEWS SCHEDULE (RADIO & TV)

TV-13 News Schedule:

2:00pm (News Update/Live)

3:00pm (News Update)

4:00pm (News Update)

5:00pm (News Update/Live)

7:00pm (The Bahamas Tonight)

11:00pm (Late Night News)

Radio News Schedule:

7:30am (National Morning Report)
12:00noon (News Update)

1:00pm (Midday Report)

3:00pm (News Update)

5:00pm (News Update)

6:00pm (Headlines & BBC World Report)

6:30pm (National Evening Report)

You are viewing the text version of this site.

To view the full version please install the Adobe Flash Player and ensure your web browser has JavaScript enabled.

Need help? check the requirements page.


Get Flash Player