The government missed its self-imposed deadline to complete talks with Baha Mar regarding the final amount of money it will pay the developer to cover road work costs associated with the resort, Deputy Prime Minister Philip Brave Davis confirmed last night.

After weeks of renegotiation, the government had hoped to come to an agreement by now. However, Davis said talks are still ongoing.

Davis, who is also the minister of works and urban development, has met with Baha Mar officials on several occasions to discuss the matter.

As previously reported, the government initially agreed it would pay Baha Mar just under $48 million to help cover the cost of the new West Bay Street that runs along the resort's campus.

However, after receiving advice from its technical experts, the government has reportedly determined it should pay Baha Mar less than $30 million.

The government has been criticized by Opposition Leader Dr. Hubert Minnis for "not honoring its commitment" with Baha Mar.

However, Prime Minister Perry Christie recently defended the government's decision to renegotiate the amount it will pay.

Earlier this month, Christie said the government has an "obligation to the people of The Bahamas to jealously guard the revenue of the country and to ensure that we are spending the money wisely and properly".

Under the agreement that the government has with Baha Mar, the government is obligated to pay $47.8 million to Baha Mar if the cost of the reconfiguration of West Bay Street exceeded $70 million, according to Davis.

He said if the figure is less than $70 million the government would only be obligated to pay 50 percent. Government technical experts have reportedly assessed the value at around $58 million.

A Baha Mar official said the road works cost developers close to $118 million.

The government agreed to reimburse Baha Mar for its portion once the casino tower reached the 100-foot mark; that happened in February.

Payments are not expected to be made until the government and Baha Mar come to an agreement.

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