Friday, November 24, 2017

Namalco set to get $436m contract *

State intends to file lawsuit against it, but...

lucrative deals: Namalco's offices at La Brea.


ON the heels of the State initiating legal action against five contractors which it has labelled a “cartel”, it is set to award one of them, La Brea-based Namalco, close to $436 million in road works.

The Sunday Express understands that Namalco, against which the State has indicated it will initiate court proceedings in the coming weeks for alleged cartel arrangements, is to be awarded four packages for the completion of the Point Fortin highway extension from the National Infrastructure Development Company (Nidco).

It would be Namalco's second contract from Nidco in the past month.

 

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