Chicoms to build huge resort in Bahamas
Image via WikipediaMiami Herald:
A 3,800-room resort development will begin rising soon along Nassau’s Cable Beach in an effort to revive the fabled strand of white sand to its former glory. The Baha Mar resort will include six hotels, a new casino and an 18-hole golf course — but in an unusual twist, it will be built largely with Chinese financing and the labor of Chinese workers.Well. the good news is that it does not sound like it would make a good missile launch facility. It looks like an attempt to recirculate US dollars to a resort for most US clients.
“It’s an exciting time for us and the Bahamas,’’ said Don Robinson, president of Baha Mar Resorts, the developer.
When the $3 billion project is finished at the end of 2014, it will rival the size of Atlantis, the 4,000-room water-themed resort that dominates Nassau’s Paradise Island, and could provide stiff competition. Baha Mar developers call the 1,000-acre project the largest “single-phase’’ resort development in the history of the Caribbean. Atlantis was built in three phases.
China State Construction and Engineering Corp., the largest construction company in China and the firm that built the Bird’s Nest stadium and the Water Cube aquatics center for the 2008 Beijing Olympics, will be the general contractor and will be doing all the concrete and steel structure work.