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January 31, 2012

China's Ex-Im Bank lends $41M for Bahamas project

NASSAU, Bahamas (AP) — China's state-owned Export-Import Bank has agreed to finance a new port and a bridge in the Bahamas, the second major infrastructure project backed in recent months by the Chinese in the island nation.

The Chinese bank will provide a $41 million loan for the bridge and port on Abaco in the northern Bahamas in a plan unanimously approved Thursday by the House of Assembly. Terms of the loan were not disclosed.


 
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