After the Government's Complaint, Duna Aszfalt Redeems the Bonds of Its African Project
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6 Articles
For example, the project planned to build a road between the Democratic Republic of the Congo and Zambia.
The government filed a complaint a month ago regarding László Szíjj and his family's hundred-billion-forty-dollar Congo transaction.
Duna Aszfalt has taken a new step to end the financing dispute surrounding the GED Africa project: the company would voluntarily redeem the bonds related to the African investment at EXIM Bank and MFB. This could eliminate the guarantee risk related to the Hungarian state, while according to the company, financing for the infrastructure development between the Democratic Republic of the Congo and Zambia remains secured.
The state is losing billions in revenue, Duna Aszfalt took an unexpected step in the giant African project - They initiated the voluntary redemption of the bonds.
A bridge was to be built between Congo and Zambia, for which the Hungarian state assumed the guarantor. The post Duna Aszfalt prefers to return the state money after the Kapitánys' complaint first appeared on 24.hu.
The focus will now be on the international nature of the construction company, although its African project is also currently under review - suspected of obtaining too easily obtained government credit.
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