14 June 2019

World Bank Group Debars China Railway Construction Corporation Ltd. And Two Subsidiaries

The World Bank has announced the nine-month debarment of China Railway Construction Corporation Ltd. (CRCC), a Chinese, state-owned construction and engineering company, and its wholly-owned subsidiaries, China Railway 23rd Bureau Group Co., Ltd. (CR23) and China Railway Construction Corporation (International) Limited (CRCC International), in connection with misconduct under the East-West Highway Corridor Improvement Project in Georgia. The debarment is part of a settlement agreement with CRCC

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