"Chinese Construction Firm Botches Europe Road Job"
Posted by scapozzola on 06/06/2012
Covec, a Chinese engineering group, hoped its construction of a highway in Poland would help to open the EU market. But its mistakes (numerous delays, poor planning) have raised questions about how ready China's state-owned builders are to expand into the West.
Essentially, as the Wall Street Journal's James Areddy reports, the Chinese firm offered the low bid in order to win the contract. But after they got the job, they just couldn't get the road built.
Sounds a lot like the Bay Bridge fiasco.
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