200m Baha Mar loan resolution 'in two weeks'

Wed, Sep 8th 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

Prime Minister Hubert Ingraham yesterday indicated that Baha Mar was expected to resolve its outstanding $200 million loan issue with the Scotiabank-led syndicate over the next two weeks, postponing debate over the Chinese work permits' resolution until September 22-23, as he revealed that 71 per cent of the construction workforce for the $2.6 billion redevelopment would be foreign.

Describing this as "a complete reversal" of the conditions imposed upon Kerzner International during the various phases of its Paradise Island developments, the Prime Minister told the House of Assembly that it also ran contrary to the Government's philosop ...

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