Monday, 23 November 2020

Award of Road Works to Chinese Company is Confirmed

MOPT Minister Carlos Segnini (left with back to camera) meeting with legislators
MOPT Minister Carlos Segnini (left with back to camera) meeting with legislators

QCOSTARICA (Crhoy.com) Following efforts by Costa Rican government officials with the Chinese government, an award to the company CHEC for a contract to expand the road to the Caribbean has been confirmed.

All hope was lost for a potential involvement of domestic companies in the project to widening the road to Limon, after confirmation was given by the Minister of Public Works and Transportation (MOPT), Carlos Segnini, that in negotiations with the Chinese government they only managed to change some aspects of the project which had been criticized – among which was the promise of no embargo on Costa Rican assets in the case of litigation – confirming the award of the work to the company CHEC, which was obviously tied to the granting of financing from China.

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The parliamentary ratification of the project should occur, according Crhoy.com, “… before February 28 because this date is when the period given by Chec to maintain the price of the work expires.”

Source: Crhoy.com

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