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 Post subject: Highway robbery - Flyover cost sky high
 Post Posted: Sun Nov 29, 2009 7:56 am 

Joined: Fri Aug 12, 2005 12:54 pm
Posts: 192
Highway robbery - Flyover cost sky high
Cost per square foot more than the tallest tower in Dubai

@LBN / 29 Nov 2009

The UK based contractors, Mabey and Johnson now involved in constructing seven bridges in Sri Lanka may be engaging in highway robbery! The cost involved in constructing flyovers has been exorbitant according to experts in Sri Lanka. Preliminary investigations reveal the Dubai tower cost only US$ 364 . Three flyovers constructed in Sri Lanka per square foot cost : Dehiwala US$ 978, Nugegoda US$ 1018 and Kelaniya US$ 2301.

The contractors Mabey and Johnson were fined recently by the British Serious Fraud Office for bribing politicians and officials to win contracts in many countries. The company's new management admitted that they bribed foreign politicians and officials before the Serious Fraud Office, and exposed names of ex politicians and officials including amounts of kickbacks they were given

Burj Dubai, the earth's tallest structure to come up in the Middle East ("Dubai Tower") is a skyscraper currently under construction, with work begun on April 15, 2005.
The complete complex will cost about US$ 8000 million. Once completed, the tower will cover a total of 2 million mn2 (22 million ft2). So, a square foot costs US$ 364.

A string of foreign politicians and officials were named as having received corrupt payments from the British firm, as the company admitted it had systematically paid bribes around the world to win contracts.

At Southwark crown court, London, John Hardy QC for the SFO, revealed the names of 12 individuals in six countries alleged to have received bribes from the Reading-based Mabey and Johnson.

He said the company paid “a wide-ranging series of bribes” totaling 470,000 pounds to politicians and officials in Ghana. He identified five who travelled to Britain to collect sums of money from 10,000 to 55,000 from bank accounts in London and Watford.
Ministers and officials in Angola, Madagascar, Mozambique, Bangladesh, and Jamaica were also bribed, Hardy told the court. Hardy said that over eight years, the firm gave 100,000 “to buy the favours” of Joseph Hibbert, a key Jamaican official in awarding contracts, one of them worth 14m.

The court was told how the firm, owned by one of Britain’s richest families, paid bribes totaling œ1m to foreign politicians and officials to get export orders valued at œ60m to œ70m through covert middlemen. The Mabey family built up a fortune of more than œ200m by selling steel bridges internationally. The company also broke UN sanctions by illegally paying œ363,000 to Saddam Hussein’s government from 2001 - 2002.

Who got rich in Sri Lanka?

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