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Browsing: China Railway Construction
- AfDB slaps 12-month sanctions on China Railway Construction Engineering Group over scandal involving Tanzania’s Msalato International Airport Project.
- The hit stems from findings by AfDB, which uncovered fraud in the company’s bid for phase one of the airport project.
- However, the firm remains eligible to participate in AfDB-funded projects during the penalty period provided it adheres to strict compliance measures.
The African Development Bank Group (AfDB) has placed China Railway Construction Engineering Group under a 12-month conditional non-debarment following a fraud investigation linked to Tanzania’s Msalato International Airport Project.
This decision, effective from November 7, 2024, stems from findings by AfDB’s Office of Integrity and Anti-Corruption, which uncovered fraudulent practices in the company’s bid for phase one of the project.
The investigation revealed that the Chinese company failed to provide accurate information about its experience during the bidding process, a breach it admitted constituted fraudulent activity.
Despite the sanction, China …