December 21, 2021
1 min read

ADB bars top Chinese firms

The list of the banned companies includes CMC engineering Company, Northwest Civil Aviation Airport Construction Group and China Harbour Engineering Company….reports Asian Lite News

The Asian Development Bank (ADB) has barred three top Chinese construction firms from participating in Nepal’s key airport infrastructure development project, local media reported.

The anti-corruption office of Manila-based multilateral funding agency punished three state-backed companies for violating integrity rules, The Kathmandu Post reported.

The list of the banned companies includes CMC engineering Company, Northwest Civil Aviation Airport Construction Group and China Harbour Engineering Company.

Around 24 companies had purchased bid documents for Tribhuvan International Airport ultimate development project in Kathmandu worth 10 billion Nepali Rupees. However, only four Chinese companies submitted them, the report said.

Among the four hopefuls are two of the firms blacklisted by the ADB, the Post reported citing a top official at the Civil Aviation Authority of Nepal.

“These companies are blacklisted under the ADB’s integrity guideline, and have been put on the sanctions list for ADB-funded projects,” said the official of the Civil Aviation Authority of Nepal.

According to the officials, the punitive actions will not be applied to ongoing projects the companies are currently undertaking.

Notably, the companies have been blacklisted only for ADB-funded projects, a Nepali government procurement expert told the Kathmandu Post.

“But if the ADB informs Nepal’s public procurement monitoring office about their misconduct and the manner in which they were put on the sanctions list, it will be easy for Nepal to blacklist them too. The integrity rules in the project are universal rules.”

This development comes as Nepal is planning to upgrade Kathmandu’s airport which is currently functioning as the sole international airport. According to Post, heavy congestion and lower quality of services are observed during peak hours. (ANI)

ALSO READ: CPEC project faces roadblock

Previous Story

GCC, UK vow to boost economic, security ties

Next Story

Expo 2020 Tightens Covid Rules

Latest from -Top News

Sisi, MBZ cement ties

UAE and Egypt bolster ties through high-level talks in Abu Dhabi and a landmark cardiac care initiative delivering lifesaving treatment to rural communities The United Arab Emirates and Egypt reaffirmed their strong

‘UAE leads global fight against plastic waste’

UAE accelerates its fight against plastic pollution with a bold single-use plastic ban and expanded environmental policies to safeguard natural ecosystems for future generations The United Arab Emirates continues to lead the

70,000 Gaza kids starve

WFP warned that any further escalation of conflict could paralyse relief operations altogether, deepening the plight of civilians—especially children, the elderly, and vulnerable groups As the humanitarian crisis in Gaza intensifies, the

Prayers on the Mount

The Day of Arafat, considered the pinnacle of the Hajj pilgrimage, witnessed a congregation of believers from around the world As the sun blazed overhead and temperatures climbed to a sweltering 41°C,

EID MUBARAK!

UAE marks Eid Al Adha with housing support, children’s gifts, pardons, and cultural celebrations, reflecting a national spirit of compassion, unity, and shared community values Across the UAE, Eid Al Adha is
Go toTop

Don't Miss

CCP Set to Cement Xi’s Rule

Chinese President Xi Jinping is likely to secure a third

India over China for Ukraine-Russia mediation

India’s G20 Presidency is going well so far and it