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Chinese ‘agree’ to complete Baha Mar

By KHRISNA VIRGIL Tribune Staff Reporter kvirgil@tribunemedia.net  PRIME Minister Perry Christie yesterday touted the government’s success in negotiations with the Export Import Bank of China (EXIM) and China State Construction Engineering Corporation (CSCEC) over the stalled Baha Mar re-

No word on payment for Bahamian creditors

sort, saying all parties have entered into a “framework agreement� to complete the project “as expeditiously as possible�. However he gave no concrete resolution on the issue of payment to unsecured Bahamian creditors, only saying they would be

“considered� during the re-mobilisation process, adding that negotiations were underway to agree to appropriate timelines and a schedule for completion. Mr Christie further addressed concerns over whether new contractors would be hired to complete

$22m has been allocated so people can be “paid to work and train in a very formal manner, with certification on completion of the apprenticeship period�. Perhaps anticipating criticism, Mr Christie said the programme is unlike the 52-week jobs programme created by the former Ingraham administration in 2011 that was bashed by the Progressive Liberal Party (PLP), then in opposition, as an attempt to sway votes ahead of the 2012 general election. SEE PAGE FIVE

THE government will launch a $22m apprenticeship programme aimed to reduce youth unemployment, Prime Minister Christie announced during his 2016/2017 Budget Communication yesterday. The programme will be jointly managed by the Office of the Prime Minister and the National Training Agency, he said. Mr Christie said yesterday that under the government’s new programme,

GET YA GRITS! CORNED BEEF HASH, EGG & GRITS PLATTER

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Holdings - the developer of Baha Mar - this defies the sensibility of all Bahamians who toiled so hard in the belief that the $3.5bn hotel would be opened in a timely manner as a world-class destination. The developer said it is very discouraging that the

VAT CUT FROM EDUCATION FEES, ‘FANTASY BABY CLOTHES, SOME GROCERIES BUDGET FAILS By NICO SCAVELLA measuresâ€? the government Tribune Staff Reporter is proposing to execute, Mr TO TACKLE nscavella@tribunemedia.net Christie announced while  delivering his 2016/2017 PROBLEMS’ THE government is seek- Budget Communication in

$22M APPRENTICESHIP SCHEME ‘NOT LIKE 52-WEEK PROGRAMME’

By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net

Baha Mar. He said courtappointed receiver managers confirmed that CSCEC and China Construction America (CCA) Bahamas are contracted to, and will remain in place to, finish the resort. However, according to a statement released by BMD

PRIME Minister Perry Christie yesterday. Photos: Tim Clarke/Tribune Staff

ing to eliminate the 7.5 per cent Value Added Tax (VAT) on ancillary fees paid for education services in the country, Prime Minister Perry Christie said yesterday. The proposal is one of 16 “tax relief and rationalisation

the House of Assembly. According to VAT legislation, education services, including tuition-funded courses at schools and programmes leading to graduate and undergraduate

By KHRISNA VIRGIL Tribune Staff Reporter kvirgil@tribunemedia.net   DESPITE the failure of the government’s mortgage relief plan early in this political term, Prime Minister

Perry Christie yesterday announced plans to revive the scheme, revealing that it will cost taxpayers $20m over four years. This initiative was one of the Christie administration’s underperforming

programmes and led the Prime Minister to admit in 2013 that only four or five homeowners were expected to receive assistance through the initial plan.

SEE PAGE SIX

FRESH PLEDGE FOR $20M MORTGAGE RELIEF

SEE PAGE SIX

BUDGET COVERAGE ON PAGES 2,3,5,6,7, ADRIAN GIBSON ON PAGES 8-9 AND IN BUSINESS

By RICARDO WELLS Tribune Staff Reporter rwells@tribunemedia.net

FREE National Movement (FNM) Deputy Leader and Shadow Minister of Finance Peter Turnquest yesterday called the Prime Minister’s 2016/2017 Budget Communication “a complete fantasy� being used to “secure an Election Day victory�. He provided the opposition’s preliminary response to Perry Christie’s extensive budget presentation, criticising the government for doing “next to nothing� to address the nation’s SEE PAGE SEVEN

CASH: IT IS TIME FOR NEW LEADERSHIP

By SANCHESKA BROWN Tribune Staff Reporter sbrown@tribunemedia.net  FORMER Free National Movement (FNM) Chairman Darron Cash yesterday blamed FNM Leader Dr Hubert Minnis for the “dismal stateâ€? of the Of-

ficial Opposition and said it is now time for the party to seek “fresh, new� leadership. In a statement, Mr Cash said Dr Minnis and his entire leadership team must give a full accounting of his stewardship of the FNM. He also said a full conven-

tion with all the accountability factors built in is the right way for that to happen and called for it to be held in the next 90 days. Mr Cash also lamented that the FNM has become “a shadow of its former self� and risks being “sunk by an anchor of leadership that

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EXIM Bank, knowing full well the serious irregularities already demonstrated by its sister company CSCEC, would now turn to this very same entity to complete the work which its subsidiary CCA has failed to do time and again on previous schedules that it has provided. SEE PAGE THREE

/BURGERKINGNASSAU

Nassau & Bahama Islands’ Leading Newspaper

has been found wanting�. “There are many people who share responsibility for this unfortunate position, but there is no escaping the harsh reality - the current dismal state of the FNM goes to leadership.� SEE PAGE TEN


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