Local contractors in Joint Venture Agreements
11th Sep 2017 |  Corporate and Finance    Projects (Energy and Infrastructure)  

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The National Construction Authority has indicated that the main contractor for the Standard Gauge Railway, China Road and Bridge Construction (CRBC), has forwarded a list of sub-contractors it has entered joint venture agreements with for the Sh153 billion project. The Authority indicates that the contractor has gone beyond the 30 per cent project cost allocation threshold for local contractor involvement. Earlier in the year, the NCA warned public and private firms against awarding contracts to foreign companies without local input. PC: Dhahabu

Source: The Business Daily   |   Read More

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