Covec to Face 200 Mln Euro Claim for Violating Polish Highway Contracts
(Warsaw) -- Polish authorities are seeking 200 million euros in compensation from China Overseas Engineering Group Co. (Covec) for reneging on a major highway construction contract, Caixin learnt from Poland's road authority.
In an interview with Caixin on September 16, General Directorate for National Roads and Highways (GDDKiA) Legal Director Jakub Troszynski said the claim includes four months of projected toll losses due to delayed road construction, plus a 10 percent fine.
|(Construction site of Poland's A2 Highway. Polish authorities terminated the road contact with Covec in June/ Reuters)|
Troszynski said GDDKiA has employed Chinese lawyers in preparation to file a lawsuit against Covec in China or Poland.
- WeChat 'Glitch' Allows Family to Raise over 2 Million Yuan in 80 Minutes
- China's VAT Rebate Reform Aims to Boost Local Government Fiscal Strength
- Share Splits Raise Stock Market Suspicions
- China Faces Severe Coal Transport Capacity Shortage
- Audi Scraps Plans for New China Dealer Network
- Regions Found to Have 'Critical' Heavy Metal Emissions Now Clean Up Act
- Official PMI Spikes as Producer Prices Rise, Exports Surge
- China Adds 10% Consumption Tax for Superluxury Cars
- News Calendar, December 5-11
- Caixin's Manufacturing Indicator Dips to 50.9 in November
- Sign up to receive our free daily newsletter