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?