Davenport Quoted in Irrawaddy

On March 4, RWR Chief Operating Officer Andrew Davenport was quoted in the Irrawaddy regarding China Communications Construction Corporation (CCCC), which is involved in building the New Yangon City project. Mr. Davenport said that CCCC and other Chinese state-owned enterprises have a track record of bidding on projects for their strategic value, rather than for commercial reasons. He also noted that the company had been accused of bribery and corruption. He added, “If CCCC is willing to offer, by significant margins, the most generous terms available to Myanmar on the project, government officials and citizens should ask themselves why they are doing this?