Post by account_disabled on Mar 3, 2024 3:34:50 GMT
In September of last year, one of the analysts who appears in the evenings in the television studios, came around the offices of the most powerful businessmen of Tirana. The analyst's problem was that he needed a business partner. It was not about any venture project, nor about any genius business idea similar to start-ups looking for funding. The partner was only needed for cover because the business was so established. The analyst was promised by the government a piece in the new approval concession. Granted in 2009 by the government of the Democratic Party, the concession of technical control of the means officially ended in September 2019.
But the analyst could not Cambodia WhatsApp Number Data find a partner and because the project failed, the government extended the term of the existing concession. On September 3 of last year, the Ministry of Infrastructure and Energy announced the extension of the concession period until December 2020, giving the SGS company for another 15 months the monopoly of the technical control of vehicles, without any payment and without any additional condition. In the relevant announcement, the Ministry explained that the postponement of the deadline was based on the law. But financially, the extension firm was playing big money. According to data from the official balance sheet of SGS, last year the approval monopoly made 1.9 million euros in net profit, after taxes.
The 15-month extension of the concession period brought about 3 million euros in additional profits for the concessionaire. What reason can a government or an official have, to give 3 million euros of additional profits to a business? Probably none. But there could probably be 3 million more reasons. Read also: Spitalla Park, when stupidity is sold as success The perverse business of paid testing The extension of the SGS concession term was scandalous in many ways. At the end of 2017, the Ministry of Infrastructure itself ordered a performance audit on the approval concession. The audit found a series of deficiencies and violations on the part of the SGS company, such as the failure to operate 5 mobile checkpoints as required by the concession contract to reduce queues and improve service to citizens, deficiencies in staff documentation as well as obvious deficiencies in work organization.
But the analyst could not Cambodia WhatsApp Number Data find a partner and because the project failed, the government extended the term of the existing concession. On September 3 of last year, the Ministry of Infrastructure and Energy announced the extension of the concession period until December 2020, giving the SGS company for another 15 months the monopoly of the technical control of vehicles, without any payment and without any additional condition. In the relevant announcement, the Ministry explained that the postponement of the deadline was based on the law. But financially, the extension firm was playing big money. According to data from the official balance sheet of SGS, last year the approval monopoly made 1.9 million euros in net profit, after taxes.
The 15-month extension of the concession period brought about 3 million euros in additional profits for the concessionaire. What reason can a government or an official have, to give 3 million euros of additional profits to a business? Probably none. But there could probably be 3 million more reasons. Read also: Spitalla Park, when stupidity is sold as success The perverse business of paid testing The extension of the SGS concession term was scandalous in many ways. At the end of 2017, the Ministry of Infrastructure itself ordered a performance audit on the approval concession. The audit found a series of deficiencies and violations on the part of the SGS company, such as the failure to operate 5 mobile checkpoints as required by the concession contract to reduce queues and improve service to citizens, deficiencies in staff documentation as well as obvious deficiencies in work organization.