{"id":160,"date":"2010-08-01T16:48:51","date_gmt":"2010-08-01T20:48:51","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=160"},"modified":"2010-08-01T16:50:48","modified_gmt":"2010-08-01T20:50:48","slug":"chinese-approve-baha-mar-funding","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2010\/08\/chinese-approve-baha-mar-funding","title":{"rendered":"Chinese Government Approves Baha Mar Funding"},"content":{"rendered":"<p>The Government of the People\u2019s Republic of China yesterday formally  approved the $2.6 billion investment in the Baha Mar project on Cable  Beach, bringing an end to speculation on the viability of the resort  development.<\/p>\n<p><a rel=\"attachment wp-att-161\" href=\"https:\/\/www.bahamasb2b.com\/news\/2010\/08\/chinese-approve-baha-mar-funding-160.html\/bahamar-resort\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-161\" style=\"margin-left: 10px; margin-right: 10px;\" title=\"bahamar-resort\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2010\/08\/bahamar-resort-300x205.jpg\" alt=\"\" width=\"300\" height=\"205\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2010\/08\/bahamar-resort-300x205.jpg 300w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2010\/08\/bahamar-resort.jpg 472w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>In a statement from the Cabinet office yesterday, Prime Minister Hubert  Ingraham confirmed that His Excellency Dingxian Hu, the Ambassador of  the People\u2019s Republic of China, had advised that his government has  given formal approval for \u201cvarious agencies of the Chinese government to  enter into a joint venture with Baha Mar Ltd for the redevelopment of  Cable Beach.\u201d<\/p>\n<p>Ambassador Hu is expected to return to the Bahamas on August 18 when he  will meet\u00a0 Prime Minister Ingraham to hand over the formal approval from  the Chinese government.<\/p>\n<p>Baha Mar chairman Sarkis Izmirlian said yesterday that the project is  expected to create 11,000 Bahamian jobs and add $1 billion in new  spending to the economy in the first year after completion.<\/p>\n<p>This, of course, all depends on final approval from the Bahamas government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government of the People\u2019s Republic of China yesterday formally approved the $2.6 billion investment in the Baha Mar project on Cable Beach, bringing an&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[24,25],"class_list":["post-160","post","type-post","status-publish","format-standard","hentry","category-business","tag-construction","tag-hotels"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=160"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/160\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}