Bahamas, China Sign Abaco Contract

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The Bahamas and the China Harbour Engineering Company have signed a $40 million contract for the construction of a bridge and port in North Abaco.

The project entails the design and construction of what will be called the Little Abaco Bridge for $6.5 million, and the North Abaco Port for $33.4 million.

Work on the project will begin in December; the bridge is slated for completion in February 2013, and the port in November 2013.

The projects will be funded by China’s EXIM Bank.

–Bahamas Information Service