Zhou Xing

contract cancelled: Executive vice president of CGGC Energy China Zhou Xing (Larry), centre, and HDC chairman Newman George shake hands after signing documents for a housing construction project at the HYATT Regency, Port-of-Spain in May. Looking on, from left and seated, are CGGC president Liu Huailiang and HDC managing director Brent Lyons. Back row from left , Minister of Trade Paula Gopee-Scoon, , Attorney General Faris Al-Rawi, China’s ambassador to T&T Song Yumin, Minister of Housing Edmund Dillon, former Minister in the Ministry of Public Administration Marlene McDonald and Minister of Foreign Affairs Dennis Moses.

GOVERNMENT could be forced to make a termination payment of up to an estimated US$43 million to the China Gezhouba Group International Engineering Co Ltd (CGGC) for the cancellation of its contract with the Housing Development Corporation (HDC), according to Express Business calculations based on local high-rise apartment construction costs and profit projections.

That is if an investigation of the award of the controversial contract determines that no bribes, inducement or commissions were paid by the Chinese contractor to any local official.

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