China Contractor Gets Second Chance at Bahamas Luxury Hotel

China's largest construction company will resume work on a US$ 3.5 billion luxury resort near the Bahamas' capital after mismanagement and infighting put the project on hold for more than a year, Bahamian prime minister Perry Christie said in a televised statement on August 22.

State-owned China State Construction Engineering Corp. (CSCEC), general contractor for the Baha Mar resort project, will resume construction in September, Christie said in a speech on state broadcaster ZNS.