The folly of “awarding” contracts without complying with Bolivian law

The folly of “awarding” contracts without complying with the law, El Diario reports:

Sinohydro company history

Screen Shot 2016-02-14 at 9.45.56 AMBetween 2013 and 2015, the Chinese company Sinohydro won four projects in Bolivia for $851 million dollars.

A report by ANF notes that they had a history in Ecuador for improper performance of works.

– In December 2012, they faced ten business and civil trials for fraud and breach of contract in Ecuador.

A few weeks ago, they won the El Sillar stretch of 28 kilometers, distant 100 kilometers from Cochabamba on the road to Santa Cruz. The project will cost $426 million dollars.

On June 25, 2014, the press reported that the Bolivian state Guaracachi, dependent from ENDE, signed a contract with Sinohydro for the execution of the hydroelectric project San José for $235 million dollars.

– In December 2013, the company was awarded the construction of two sections of double track bridge Ichilo-Ivirgazama $107 million dollars.

– Government and Chinese Embassy in Bolivia are negotiating labor trial.

http://www.eldiario.net/noticias/2016/2016_02/nt160214/economia.php?n=25&-antecedentes-empresa-sinohydro

I am fed-up with this governments’ fixation with Cuba and China, and all the crap that the “socialism of the 21st century” came upon … we are been forced to take “loans” from the Chinese and end up with poor implementation, and corruption to say the least… NO more!

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