Galfar board rejects compensation offer

Galfar Engineering and Contracting said that its board has decided not to accept a settlement offer for Muscat Expressway and Central Corridor road project.

  
02 June 2015
Muscat: Galfar Engineering and Contracting on Monday said that its board has decided not to accept a settlement offer for Muscat Expressway and Central Corridor road project. 

The compensation offer was for cost escalation while building the Muscat Expressway.

"The company has received an offer letter from the Muscat Municipality, regarding settlement of Muscat Express Way and Central Corridor road projects.  Based on an independent detailed technical and legal advice, the board decided not to accept the offer and to pursue options for the way forward," Galfar Engineering said in a disclosure statement on MSM website.

© Times of Oman 2015

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