Kathmandu, Aug. 7 -- The Civil Aviation Authority of Nepal has submitted its final counterclaim of $130 million for loss of income at the Singapore International Arbitration Centre against Constructora Sanjose, the ousted contractor of the then Tribhuvan International Airport Modernisation Project.
The Spanish company had been awarded a $92 million contract in 2012 to extend the runway by 300 metres, erect a new international terminal, build a parallel taxiway and international apron, and conduct soil filling works at the northern end of the runway. The Civil Aviation Authority subsequently cancelled the deal for non-performance.
Multiple sources at the country's civil aviation body confirmed that the final counterclaim was filed on July ...