Sinohydro backs out of P92m suit against govt
Tuesday, May 02, 2017
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).
Those who occasionally use highways like the A1 and A3 roads will bear testimony to have experienced this firsthand as they have been overtaken by overspeeding buses. Sadly, some of the passengers are the ones who urge some bus drivers to overspeed.The result of this madness is the horrific accident that claimed lives of nine people on Sunday evening near Lechana settlement along the A1 Highway.It is reported that the incident occurred after the...