Chinese Companies cough 26 billion
Four of the five Chinese companies involved in flawed road contracts have refunded the Sh 26 billion shillings meant for compensation of people affected by road works.
Abdul Katuntu the Chairperson of Parliament’s committee on Statutory Authorities and State Enterprises has confirmed that
China Railway 18th Group, Zhongmei Engineering, China Railway No.5 Group and Chongqing International Construction Company made the payment last evening.
China Railways No. 3 Group is yet to pay back over Sh9 billion and has been given up to close of business today.
The committee early this week learnt that the money meant for compensation under several UNRA projects had been diverted by the contractors and ordered them to remit it together with their accumulated interests lest they face tough sanctions.
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