Agreement on Dissolution of Chaparral Contract
The CEL and the construction company Astaldi have rescinded the contract for the dam construction by mutual agreement, with $108 million being paid to the Italian company.
Friday, July 6, 2012
The termination of the contract between Astaldi and Executive Hydroelectric Commission of the Lempa River (CEL) was endorsed by the Republic of El Salvador’s Accounts Court, which stated that "one of the effects of an annulment is that payment to the contractor is recognized on the basis of the work or services performed wholly or partly and goods delivered or received. "
The agreement with the Italian construction company over the liquidation of the contract for building the El Chaparral hydroelectric station means the country will avoid an international lawsuit.
The Honduran government has annulled the contract awarded in January to the company Saisa for the construction of the terminal and announced they will put it out to tender again.
The government is negotiating with the company which won the award the cancellation of the contract for the construction of an irrigation system in Tonosí, because it has not yet acquired the land to do the work.
Now new suppliers are being sought for the installation of moving walkways at the North Terminal of the International Airport.
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