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MessagePosté le: Jeu 19 Juil - 11:25 (2018)    Sujet du message: The bank has Répondre en citant

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NEW DELHI, May 11 (Xinhua) -- A German bank has pulled out from a railway modernization project in India due to failure to observe the contract by its Indian partners, said local daily The Hindustan Times Monday.

The German KFW Bank has pulled out of its 82-million-euro local commitment for an Indian Railway modernization project being executed by a joint Indian-Italian consortium, said the report.

The bank said it saw "recurrent delays" and "weak disbursements " despite "consecutive government to government meetings over the past five years," said the report.

The bank has refused to further extension of loans in a letter to the finance ministry of India in December.

Approved in November 2005, the project is implemented by the Indian Railway Project Management Unit and involves the modernization of 47 stations on a 400 km railway track in northern Indian state Uttar Pradesh.

Only half of the loans have been utilized in the project so far by the consortium led by Ansaldo, a railway arm of the Italian Finmeccanica.

Malaysia's transport minister said Thursday that a maintenance seal and other details prove that a wing part found on an Indian Ocean island belongs to missing Malaysia Airlines Flight 370, a claim the prime minister made hours earlier but that investigators from other countries have shied from making.

"From our first observation, the color tone and all maintenance records that we have, we know," Transport Minister Liow Tiong Lai said. "Our records show that it's the same as MH370."

Malaysian Prime Minister Najib Razak announced early Thursday morning that the flaperon came from the doomed aircraft, but authorities in France, the U.S. and Australia have stopped short of full confirmation.

The disappearance of the Boeing 777 jetliner while on a flight from Kuala Lumpur to Beijing on March 8, 2014, has been one of the biggest mysteries in aviation history. Officials believe it crashed in the southern Indian Ocean, killing all 239 people on board, but the wreckage and the cause remain elusive.


HANOI, May 16 (Xinhua) -- Asia Pacific's most talented software and web developers will arrive in Vietnamese capital Hanoi on Thursday and Friday to participate in a 24-hour "APEC App Challenge," a joint initiative by Vietnam's Ministry of Industry and Trade (MoIT), The Asia Foundation and Google.

According to a statement released Tuesday by the MoIT, the marathon .

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