Two years after the Railways terminated a Rs 471-crore contract of the Chinese Railway’s signalling and telecom arm for its works in Uttar Pradesh, the Chinese firm has locked Indian Railways in international dispute and claimed Rs 279 crore compensation.
The company, China Railway Signalling and Communication (CRSC) Research and Design Institute, recently instituted arbitration under International Chamber of Commerce (ICC) rules in Singapore.
Playing hardball, the Indian side — the Dedicated Freight Corridor Corporation of India Limited (DFCCIL), under the Railways — has issued a counter-claim of Rs 71 crore on the Chinese major.
