Ecuador: Road contracts to World Bank blacklisted firm

Ecuador’s Ministry of Transport and Public Works (MTOP) has signed a contract with World Bank blacklisted China Road and Bridges Corp (CRBC) to carry out road projects worth a combined US$55.52million. CRBC has been blacklisted by the World Bank since January 2009 for acts of corruption in the Philippines. It means CRBC cannot enter any tenders which involve WB funds until 12 January, 2017. CRBC will also take part in the Manta port tender, which will be awarded in January 2013.
June 1, 2012 Read time: 1 min
The 5842 Ecuador Ministry of Transport and Public Works (MTOP) has signed a contract with 2332 World Bank blacklisted China Road and Bridges Corp (CRBC) to carry out road projects worth a combined US$55.52million.

CRBC has been blacklisted by the World Bank since January 2009 for acts of corruption in the Philippines. It means CRBC cannot enter any tenders which involve WB funds until 12 January, 2017. CRBC will also take part in the Manta port tender, which will be awarded in January 2013.

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