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CHEC gives one price for CJIA expansion and another on its website

Jun 24, 2012 News

The Chinese firm that landed a contract to rebuild the Cheddi Jagan International Airport is now quoting different prices for its projects after a string to stories highlighted the company’s reputation in the Caribbean and around the world.
The company, China Harbour Engineering Company Limited (CHEC), took out a full page advertisement in the Kaieteur News after it was revealed that its parent company was banned by the World Bank.
In the advertisement, published last Thursday, CHEC listed the projects which it successfully bid for and completed.
One of those projects, it said, was the new Sudan Airport, at a cost of US$100 million.
However, a check of the company’s website quoted a price of 900 million Pounds, or US$1.2 billion. This was the price that international news agencies reported on when the Sudan project was signed.
Political watchers are wondering why the company did not reveal the correct cost of the project when the advertisement served to clarify recent news reports about its activities.
The company is a subsidiary of China Communications Construction Company (CCCC).
According to the company’s website, “The construction projects mainly include a breakwater project at the south side of the terminal, one berth for 50,000-tonnage container ships as well as one 40,000-tonnage multi-purpose terminal, with a construction duration of three years.”
However, according to the African Aviation Tribune, “The airport’s construction was stopped owing to the Ministry of Finance’s concerns over the huge amount required; that of one billion, three hundred million dollars.”
CHEC signed a secret deal with the former President Bharrat Jagdeo administration, a mere one month before he, Jagdeo, left office.
The project will be the biggest capital project in the country after the US$200M Skeldon factory, which was built by the Chinese and is still plagued by problems.
The Office of the President late Friday evening confirmed that the construction contract has been put on hold pending investigations regarding the fact that the company is one of those blacklisted by the World Bank.
“The media was informed that the Project execution construction work at the site awaited the conclusion of ongoing engagements of the Chinese authorities and those of the representatives of the stakeholders, Government of Guyana/Ministry of Public Works and the Embassy of the Peoples’ Republic of China/the Chinese firm who are all engaged in an examination of the World Bank action against the firm,” the Office of the President stated.
However, the Office of the President noted that geotechnical investigative work for the project’s final design continues at the site.

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