Bahamas OKs $41M Chinese Loan For Bridge, Port Project

Law360, New York (January 27, 2012, 7:42 PM EST) -- The Bahamas' House of Assembly authorized a loan agreement Thursday wherein the Export-Import Bank of China will put up $41 million for a Chinese company to build a commercial port and bridge in the Bahamas' northern Abaco Islands.

The assembly's unanimous vote approved the development plan for the project, which will include building a $33 million port in the North Abaco district, as well as a $6.5 million bridge linking the islands of Little and Great Abaco, according to China Harbour Engineering Company Ltd., the contractor...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.