Chinese firms bypass tender process in Sri Lanka – The Sunday Times

by admin
Dec 23, 2012

Chinese companies are investing into mega projects in Sri Lanka, avoiding tender procedures and hence emerging as the only bidders for contracts, reported The Sunday Times on Sunday.

The paper quoted a local agent of an Indian construction company as saying that the Chinese companies pay commissions to its local agents, depending on the value of the project negotiated.

The agent is reported as saying commissions, from $120 to $180 million, are paid to middle men each year for all Chinese projects on the island. This assists the Chinese companies to overcome other competition said the agent.

Read more on The Sunday Times’ website here.

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