国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Companies

Building firms get payout for Libya pull-out

By Wang Wen (China Daily)
Updated: 2011-03-29 14:28
Large Medium Small

Two Beijing construction firms that were forced to abandon contracted projects in Libya have received early insurance payouts to cover their losses in resettling evacuated workers.

In an unprecedented move on Monday, Beijing Construction Engineering Group (BCEG) and Beijing Hongfu Group were given a combined 132 million yuan ($19.63 million)?by China Export and Credit Insurance Corporation, known as Sinosure.

Both companies were hired by Libya in 2009 to build a total of 15,000 homes in the country. However, workers were pulled off sites when violence broke out between government forces and rebel groups. It was not revealed where the sites are.

Related readings:
Building firms get payout for Libya pull-out Chinese interests won't be harmed
Building firms get payout for Libya pull-out China's leading construction company halts projects in Libya
Building firms get payout for Libya pull-out Broadening Libyan mission would be mistake: Obama
Building firms get payout for Libya pull-out North African crisis disrupts CNPC projects

Hongfu received 85.68 million yuan, while BCEG got 46.31 million yuan. The firms insured the projects against commercial and political risk in 2009 and 2010 respectively.

"The payment will help us a lot," said Jiao Yusuo, deputy secretary of the Party committee at BCEG, which is resettling 2,816 staff evacuated from Libya in February. "Our group lost more than 3 billion yuan in total."

The company had completed almost 30 percent of its project when the security situation worsened, he said.

Sinosure is the only Chinese company that will underwrite political risk. The payment on Monday accounts for just 50 percent of BCEG's and Hongfu's total claims.

Payouts often take months but the process in this case was sped up due to the huge amount of money both firms have lost, said Wang Hong, director of foreign economic cooperation for Beijing's commerce commission.

分享按鈕
松潘县| 五台县| 泽普县| 兴城市| 侯马市| 千阳县| 盐源县| 湖南省| 常山县| 漾濞| 垫江县| 武宣县| 柘荣县| 朝阳市| 班玛县| 浏阳市| 柳河县| 城市| 思茅市| 宣城市| 江川县| 罗源县| 彰化市| 博爱县| 西乌| 怀化市| 乌海市| 凤山县| 永年县| 古丈县| 玉溪市| 河北区| 山东省| 祁连县| 金华市| 惠东县| 麻栗坡县| 湖州市| 柳州市| 满城县| 缙云县|