High road payment was withheld by Algeria. (photo: Reuters)
Japanese Transport Minister Sumio Mabuchi confirmed today that Algeria has withheld payments to a Japanese consortium for a highway project in the African nation, Kyodo News reported, according to Bloomberg.
According to the report, the consortium includes Hazama Corp., Itochu Corp., Kajima Corp., Nishimatsu Construction Co. and Taisei Corp. Mabuchi delivered the briefing after a cabinet meeting today, Kyodo said.
Algeria is withholding $1.2 billion, citing that contractors had failed to meet terms, as reported by Asahi newspaper on 14 December.