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...
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