ARSP Cancels Three Subcontracts Worth US$1 Billion Due to Legal Violations
The Regulatory Authority for Public Procurement (ARSP) has taken decisive action by canceling three subcontract agreements, valued at over US$1 billion collectively, for violations of the law.
Among the affected companies are RSN (CREC 7, CREC 9) and International Fourteenth First Congo SARL, both affiliated with SICOMINES shareholders, who were operating as subcontractors for excavation projects within the main company. The third company facing sanctions is BANGDE CONSTRUCTION.
These cancellations come as a response to these subcontractors’ failure to comply with legal requirements. Their combined contracts exceeded the stipulated limit, prompting ARSP to take corrective action.
The decision aims to uphold the law and ensure fair competition in procurement processes, aligning with the government’s vision of fostering an empowered Congolese middle class.
