Also I am Holding AEL average cost of 23.49@jaya wrote:No matter if it reaches 20 or more, AEL are less competitive compare with other local Contractors therefore less chance to win in competitive bids.@samaritan wrote:This is misleading. There is no binding commitment on AEL to bid with Chinese base rate. They can always bid separately. AEL should touch 20/= soon.@jaya wrote:Somehow this could adversely effect to AEL as 3 of their mega projects are joint venture with Chinese Construction companies and less chance to win future projects as they always bid with Chinese base rate.@engineer wrote:Sri Lanka to bar foreigners from construction, IT deals to boost locals in Covid crisis
Will benefit to unlisted Construction companies such as ICC, MAGA, TB etc…
Furthermore, this comment comes from the very same person who stated that Sri lanka owns only a small plot of land in Port City.
Some parties with vested interests for political reasons do not want to see the CSE index surge under the present Govt.
Regarding Port City what I said is correct as I am in the senior Management of Port City so I know better than you.