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China grants Bahamas $12m for development projects – photos

The government of The Bahamas has signed a $12 million bilateral agreement with the government of the People’s Republic of China. 

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Date:
Updated:
TheBahamasInvestor.com
Monday, February 25, 2019
Monday, February 25, 2019

The government of The Bahamas has signed a $12 million bilateral agreement with the government of the People’s Republic of China.

The signing ceremony took place February 21, 2019 at the Ministry of Foreign Affairs, and is a commitment from China to provide funds for development projects in the country.


Minister of Foreign Affairs Darren Henfield said that the funds would be used for upgrades to the National Stadium and other Bahamian development projects.

“It is important to note that this agreement is the second such offer to The Bahamas in recent years, and, in total, the Chinese government has donated approximately $24 million in grants for Bahamian development projects,” said Minister Henfield.

Chinese Ambassador to The Bahamas Huang Qinguo said: “We hope that this new assistance provided by China can be used for projects to improve the livelihood and infrastructure for the people of The Bahamas. China has proactively promoted international development and cooperation with other countries for construction projects.”

During the signing ceremony, Ambassador Huang Qinguo advised that he hoped the grant would promote economic and social development in The Bahamas and improve the livelihood of Bahamians.

“The Bahamas government looks forward to working closely with the Government of China as we continue to forge partnerships that are of mutual benefit to our two countries, and continue to build upon already robust relations,” said Minister Enfield.

China grants Bahamas $12m for development projects

Pictured: Minister of Foreign Affairs Darren Henfield (right) and the Chinese Ambassador to The Bahamas Huang Qinguo sign the agreement February 21, 2019 at the Ministry of Foreign Affairs.

China grants Bahamas $12m for development projects

Minister of Foreign Affairs Darren Henfield (right) and the Chinese Ambassador to The Bahamas Huang Qinguo show the signed agreement…

China grants Bahamas $12m for development projects

Minister of Foreign Affairs Darren Henfield (right) and the Chinese Ambassador to The Bahamas Huang Qinguo shake hands. (BIS Photos/Kristaan Ingraham)

The Baha Mar resort on Cable Beach has reported record occupancy rates so far for 2019. Watch an interview with Baha Mar president Graeme Davis here.

Prime Minister Dr Hubert Minnis will travel to St. Kitts today to attend the 30th Inter-Sessional Meeting of the Conference of the Heads of Government Meeting of the Caribbean Community.

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