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

Trump unhappy with deadly strikes on Kyiv 

The president said he is “putting a lot of pressure” on both sides to end the war in Ukraine, following the deadliest attacks Kyiv has seen since last July  President Donald Trump

Macron: ‘We Stand with India’

Macron said that France will stand together with its allies and would continue the fight against terrorism wherever necessary….reports Asian Lite News French President Emmanuel Macron on Friday spoke to Prime Minister

Pakistan Slams IWT Move as ‘Act of War’

Islamabad also said that India’s decision to suspend the Indus Waters Treaty (IWT) will be considered as an “act of war”…reports Asian Lite News The high-level emergency meeting of Pakistan’s National Security

Modi: We’ll Hunt Them Down

The Prime Minister thanked nations that extended support to India in the aftermath of the terror attack…reports Asian Lite News In his first address after the horrific terror attack in Pahalgam, Jammu
Go toTop

Don't Miss

China conducts new disinformation campaign against Taiwan

Since it started tracing fake accounts and disinformation to Chinese

US Blasts China for ‘Dangerous Maneuvers’ Towards Philippines Plane

The Philippines Coast Guard said that the Chinese Navy helicopter