A board meeting of CAAN on Saturday decided to extend the deadline following instruction of the parliament´s Public Accounts Committee (PAC), said Director General Tri Ratna Manandhar. This means the deadline will now expire on May 4.[break]
Although the earlier deadline was to expire on Tuesday, no companies have yet submitted their bid documents. Ten China-based companies have so far requested bid document.
CAAN extended the deadline for the first time on March 21 after an inquiry by the Commission for the Investigation of Abuse of Authority on alleged irregularities over the 45-day period to submit bids for Engineering Procurement and Construction (EPC) contract to execute the project.
The matter was further exasperated after facts emerged that Finance Minister Barshaman Pun had signed a memorandum of understanding (MoU) with China CAMC Engineering Co, assuring support for the company to win the bidding.
The government plans to use the soft loan of around $145 million from Export-Import (EXIM) Bank of China for project execution.
According to the tender documents, the bidder must be a Chinese company or joint venture with more than 50 percent share of Chinese company.
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