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Wed June 16 2021

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SNC-Lavalin ends World Bank dispute with 10-year ban

19 Apr 13 SNC-Lavalin Group Inc has reached a settlement with the World Bank Group over investigations into the Padma Bridge project in Bangladesh

The specific terms of the settlement are confidential but it includes a 10-year suspension of the right to bid on World Bank Group projects by the groups subsidiary SNC-Lavalin Inc.

The terms of settlement allow certain of the groups other affiliates to bid on and be awarded World Bank Group projects.

The suspension could be lifted after eight years, if the terms and conditions of the settlement agreement are complied with fully. The settlement does not include a financial penalty.

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