Tisco and MCC still unable to close EPC disputeThe fate of the long-delayed Thai Nguyen Iron and Steel Plant remains uncertain due to the unfinished negotiations of the new EPC package between Thai Nguyen Iron and Steel JSC (Tisco) and the Chinese constractor MCC. According to the report, in August 2017, the Chinese contractor MCC offered a $136.89 million engineering, procurement, construction (EPC) contract to complete the construction of the unfinished segments of the project. In another move, earlier in March, Tisco was considering taking MCC to court to deal once and for all with the overlong dispute over the EPC contract. The Chinese contractor MCC offered a $136.89 million engineering, procurement, construction (EPC) contract instead of the previous offer of $105.4 million. At present, a number of articles in the EPC contract have yet to reach a compromise.

Source: VietNamNet News June 08, 2018 08:03 UTC