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​​China Railway First Group debarred by World Bank for two years

( September 18, 2019, 14:53 GMT | Official Statement) -- MLex Summary: China Railway First Group has been debarred by the World Bank from participating in Bank projects for 18 months due to fraudulent practices in a hydropower project in Pakistan. The Bank said China Railway failed to disclose subcontracted work, a subcontractor and an agent it used in bidding. If China Railway has complied with the terms of the debarment settlement for 18 months the Bank will allow it to bid for projects on the basis of conditional non-debarment for the remaining six months of the sanction.Statement follows below:...

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