TALKS between the parties involved in the stalled Baha Mar resort last week have been described as "constructive" and "another important step on the road to resolution" by the appointed Joint Provisional Liquidators (JPLs).
In a statement released on Sunday, Edmund Rahming, of KryS Global, and Alastair Beveridge and Nick Cropper, of AlixPartners, collectively the JPLs to the $3.5 billion Cable Beach development, said they had chaired talks with representatives from the Government, Export-Import Bank of China, CCA Bahamas Ltd and parent company, China State Construction Engineering Corporation, and the resort's founder and investor, Sarkis Izmirlian.
Mr Beveridge said in the statement dated Friday: "The talks this week are another important step on the road to resolution. We would like to thank all parties for their good faith participation in and constructive approach during the meetings. Whilst there is still work to be done, it is clear that all involved are focused on quickly reaching a viable solution to ensure that the Baha Mar resort is able to open for business for the benefit of all stakeholders, including the Bahamian people.
"We will continue to work with all stakeholders as we explore the best route forward and will issue further updates as talks continue."