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ARSP cancels the contracts of three subcontracting companies for violation of the law by SICOMINES
The Regulatory Authority for Subcontracting in the Private Sector has sanctioned, for non-compliance with legal measures, three subcontractors who between them hold contracts worth more than a billion US dollars.
The first two companies targeted by this administrative measure are the companies CRSN (CREC7, CREC 9) and International Fourteenth First (Company 141) also called Synohydro.
They are held by the shareholders of SICOMINES who disguise themselves as subcontractors, notes the ARSP.
The third company sanctioned is Bangde Construction.
“These companies are not eligible, they are paid abroad and that does not benefit the country’s tax administration.
We have given a moratorium to prevent all SICOMINES operations from stopping suddenly and these companies will be replaced by companies with majority Congolese capital,” said Miguel Kashal Katemb, general director of ARSP.
According to him, this measure will allow Congolese companies to win contracts and hire several thousand young people.
Miguel Kashal specified that this approach is part of the President of the Republic's fight for job creation, through the promotion of entrepreneurship and the diversification of the national economy.
mediacongo
Sinohydro is a Chinese state-owned hydropower engineering and construction company.
In the 2012 Engineering News-Record Top 225 Global Contractors, a ranking by annual revenue, the company is 14th by overall position, and 6th among Chinese construction companies.
SINOHYDRO Corporation Ltd. offers engineering and constructions services.
The Company provides hydropower engineering, hydraulic engineering, airports, and highways construction services.
SINOHYDRO also offers investment, building materials sales, import and export, and other services.
When will the DRC / Felix wake up to the Deceit & Dishonesty and do something
Like fight for Manono
The Regulatory Authority for Subcontracting in the Private Sector has sanctioned, for non-compliance with legal measures, three subcontractors who between them hold contracts worth more than a billion US dollars.
The first two companies targeted by this administrative measure are the companies CRSN (CREC7, CREC 9) and International Fourteenth First (Company 141) also called Synohydro.
They are held by the shareholders of SICOMINES who disguise themselves as subcontractors, notes the ARSP.
The third company sanctioned is Bangde Construction.
“These companies are not eligible, they are paid abroad and that does not benefit the country’s tax administration.
We have given a moratorium to prevent all SICOMINES operations from stopping suddenly and these companies will be replaced by companies with majority Congolese capital,” said Miguel Kashal Katemb, general director of ARSP.
According to him, this measure will allow Congolese companies to win contracts and hire several thousand young people.
Miguel Kashal specified that this approach is part of the President of the Republic's fight for job creation, through the promotion of entrepreneurship and the diversification of the national economy.
mediacongo
Sinohydro is a Chinese state-owned hydropower engineering and construction company.
In the 2012 Engineering News-Record Top 225 Global Contractors, a ranking by annual revenue, the company is 14th by overall position, and 6th among Chinese construction companies.
SINOHYDRO Corporation Ltd. offers engineering and constructions services.
The Company provides hydropower engineering, hydraulic engineering, airports, and highways construction services.
SINOHYDRO also offers investment, building materials sales, import and export, and other services.
When will the DRC / Felix wake up to the Deceit & Dishonesty and do something
Like fight for Manono