The Trinidad & Tobago government is dealing with an arbitration where a Chinese company is demanding US$300 million in compensation for the Alutrint project.
The move follows a halt put in place by the previous government at the multi-million dollar aluminum complex that would have produced 125 thousand tonnes per year.
Prime Minister Dr Keith Rowley says the project was stopped mid-stream by the coalition's People's Partnership Agreement when it came to office in 2010.
Alutrint and the China National Machinery and Equipment Import and Export Corp. signed an agreement in 2005 to build a US$540 million aluminium complex.
comments powered by Disqus
All feeds
