Friday, October 23, 2015

Rip contracts and there is no liability

The government is about to pay 80 million USD to compensate the Indian company Rites and Ircon International (RICON), which rehabilitated the Sena railway line and held a concession for its operation. The contract with the Indians was broken unilaterally by the Maputo executive when the Tete coal was again lust for multinationals worldwide. After ripping the contract, the Mozambique Railways resumed control of the line but today saw eh fully operated by Vale. CFM only charge a rent sentadinhos in their offices. After he saw the torn contract, the Indian company took the case to a tribunal outside. Initially demanded 200 million USD. The Government managed to negotiate to reach an agreement around 80 USD. This week, Maputo attended the meetings between the two parties, where our Government also tried the Indian lower their ball. In vain. There are two similar cases in the table. One involves the Muyake, a consortium held a concession for a logistics project at the Port of Pemba (not I detail about the case because I wrote about it here). The treasure is preparing to release 8 million to pay the first tranche of compensation to which the Government was convicted after a Maputo court has given reason to Muyake. Another case, even without sentence, relates to the infamous project of light rail in Maputo. The deal had been concessioned to an Italian firm, but when Mussumbuji of Mussumbuluko Guebuza sniffed each fittings, joining a Chinese group, the government tore up the contract with the Italians and offered the pan to the former head of child group , including attaching the technical projections that the Italians had done. Within weeks, the outcome of this case will be known. My sources say the government has no way to escape a big buck indeminização. Ghosts of guebuzismo !!! The eh whoever pays problem, after the cable is the pocket of the taxpayer. And then are teachers and nurses who are left without salaries, etc. And no one blamed when eh eh clear evidence that the breach of contract has not been innocent ……… (M.Moce.in facebook)

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