Press Releases
CCA Bahamas LTD. Comments on Bahamas Supreme Court Decision to Appoint Provisional Liquidators
November 7, 2015
CCA Bahamas Ltd. (CCA Bahamas), a wholly owned indirect subsidiary of China State Construction Engineering Corporation Limited (CSCEC) and the construction manager/general contractor for the $3.5 billion Baha Mar resort project, today issued the following statement in response to The Bahamian Supreme Court's decision to appoint provisional liquidators to manage the affairs of Baha Mar.
“CCA Bahamas welcomes The Bahamian Supreme Court’s ruling to appoint provisional liquidators, which marks an important step forward towards addressing the challenges relating to the completion and opening of the Baha Mar resort.
“We look forward to playing a constructive role in the process going forward and remain committed and fully prepared to re-mobilize quickly in order to complete the work at Baha Mar with the same high quality of performance that has earned us our stellar reputation in the international construction industry. CCA Bahamas’ expertise and historical knowledge of the Baha Mar project is critical to successfully completing the resort and putting Bahamians back to work.
While Baha Mar Ltd. was unwilling to reach an agreement which addressed the significant concerns of the principal stakeholders, our commitment to supporting the Bahamian government and the people of the Bahamas has never waned. As always, we stand ready, willing and able to work closely with any and all appropriate parties to expeditiously open this landmark resort.”
Established in 1985, China Construction America (CCA) is the North American and South American subsidiary of CSCEC. CSCEC is a public company listed on the Shanghai Stock Exchange with a total market capitalization of $48 billion as of June 2015. Ranked 37th among Fortune Global 500 companies in 2015 and no. 1 on the ENR Global Contractors list in 2014, CSCEC is unrivaled by any other construction company in the world.
CCA Bahamas is a wholly owned subsidiary of CCA with founding principles of integrity and innovation with quality assurance and value creation. With revenue of approximately $2 billion in 2014, CCA is ranked no. 32 top contractor in the US. In accordance with its core values, CCA is committed to creating value for all stakeholders and building a better Bahamas and a better world.
MEDIA CONTACT
Michael Curto
Squire Patton Boggs
+1 202 457 6000
michael.curto@squirepb.com
“CCA Bahamas welcomes The Bahamian Supreme Court’s ruling to appoint provisional liquidators, which marks an important step forward towards addressing the challenges relating to the completion and opening of the Baha Mar resort.
“We look forward to playing a constructive role in the process going forward and remain committed and fully prepared to re-mobilize quickly in order to complete the work at Baha Mar with the same high quality of performance that has earned us our stellar reputation in the international construction industry. CCA Bahamas’ expertise and historical knowledge of the Baha Mar project is critical to successfully completing the resort and putting Bahamians back to work.
While Baha Mar Ltd. was unwilling to reach an agreement which addressed the significant concerns of the principal stakeholders, our commitment to supporting the Bahamian government and the people of the Bahamas has never waned. As always, we stand ready, willing and able to work closely with any and all appropriate parties to expeditiously open this landmark resort.”
Established in 1985, China Construction America (CCA) is the North American and South American subsidiary of CSCEC. CSCEC is a public company listed on the Shanghai Stock Exchange with a total market capitalization of $48 billion as of June 2015. Ranked 37th among Fortune Global 500 companies in 2015 and no. 1 on the ENR Global Contractors list in 2014, CSCEC is unrivaled by any other construction company in the world.
CCA Bahamas is a wholly owned subsidiary of CCA with founding principles of integrity and innovation with quality assurance and value creation. With revenue of approximately $2 billion in 2014, CCA is ranked no. 32 top contractor in the US. In accordance with its core values, CCA is committed to creating value for all stakeholders and building a better Bahamas and a better world.
MEDIA CONTACT
Michael Curto
Squire Patton Boggs
+1 202 457 6000
michael.curto@squirepb.com
OTHER Press Releases
- CCA President Ning Yuan Received Blue Cloud Award at China Institute’s Annual Gala November 7, 2017
- CCA Officially Adopts China Construction America (CCA) as Trade Name October 19, 2017
- China Construction America Celebrates 30th Anniversary in the US September 21, 2015
- CCA Bahamas LTD. Comments on Memorandum Regarding Motions to Dismiss Baha Mar Chapter 11 Cases September 15, 2015
