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News Afghan government cancels contract for Ghori Cement

Afghan government cancels contract for Ghori Cement

Written by Global Cement staff
06 June 2018
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Afghanistan: The Ministry of Mines and Petroleum has cancelled the Afghan Investment Company’s (AIC) contract to operate Ghori cement factory in Baghlan province. The AIC has been accused of not meeting a contractual obligation to upgrade the plant, according to Salam Watandar radio. Minister Nargis Nehan said that the company has due to invest US$152m in the unit but that it had only spent US$51m on the project. In addition it had acquired an outstanding loan of US$13m from the ministry. Mehmood Karzai, brother of the former president Hamid Karzai, is a shareholder in AIC.

Published in Global Cement News
Tagged under
  • Afghanistan
  • Ghori Cement
  • Plant
  • Government
  • ministry of mines and petroleum
  • GCW356

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