After months of uncertainty, Bahamas megaresort Baha Mar announced on Monday that it had filed for chapter 11 bankruptcy in the US district of Delaware and warned that it would have to cut jobs if it does not resolve the matter “in the next few weeks”.

The resort said in a statement that it will file an application in the Supreme Court of the Bahamas seeking approval of the US court orders.

The $3.5 billion resort has been delayed three times, and its CEO Sarkis Izmirlian has charged that its contractor, China State Construction America Bahamas Limited, is to blame.

Meanwhile, Prime Minister Perry Christie says the government remains confident that the multi-million dollar tourism project “will not only open soon but will fulfill its promise as an important new dimension in Bahamian and regional tourism”.

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