Sinohydro backs out of P92m suit against gov�t

The project to expand the SSKIA five years late and P231 million above budget
The project to expand the SSKIA five years late and P231 million above budget

Sinohydro has backed out of a P92 million lawsuit in which the Chinese company was suing government over the termination of a contract to expand the Sir Seretse Khama International Airport (SSKIA).

The dispute arose after the government terminated Sinohydro’s contract in July 2012 for ‘failing to complete the expansion of the airport within stipulated time frame and cost estimates’.

As a result of the delays, government retrieved P75 million in performance and retentions bonds from Sinohydro, leading to the Chinese company filing a case with the London-based International Chamber of Commerce (ICC). 

Editor's Comment
Watch your tongue Mr President

While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...

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