The Italian firm hired by the national government to develop the multi-billion Itare Dam inside Nakuru County has denied cases that it is penniless.
In an announcement to newsrooms, CMC di Ravenna said that neither itself nor its backups have been proclaimed bankrupt or indebted.
CMC Di Ravenna
CMC has voluntarily engaged in a composition with creditors procedure to ensure it safeguards the interests of all stakeholders (creditors, investors, clientsand co-operative employees)
“CMC di Ravenna keeps on being completely dedicated to finishing the dam venture in front of or inside the contracted time span.”
As indicated by the organization, as at November 2018 its forward request book added up to £4.7 billion, a procedure started by CMC board to guarantee full straightforwardness and money related consistence.