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
邵东县| 曲靖市| 琼结县| 惠东县| 巴青县| 石阡县| 东宁县| 南涧| 青川县| 逊克县| 桃园县| 浠水县| 新绛县| 潜江市| 中西区| 和平县| 都安| 砀山县| 洱源县| 文安县| 梅州市| 延长县| 三明市| 河池市| 定西市| 伊通| 盐城市| 新野县| 台江县| 庆阳市| 泾源县| 芮城县| 清徐县| 沁水县| 安吉县| 简阳市| 盐池县| 靖远县| 左贡县| 泾阳县| 达州市|