Focus Taiwan
Date: 2017/11/22
By: Huang Li-yun, Lu Hsin-hui and Kuan-lin Liu 

Taipei, Nov. 22 (CNA) The Coast Guard Administration (CGA) will terminate its contract with Ching Fu Shipbuilding Co. (CFS) and demand roughly NT$1.5 billion (US$50 million) in compensation if the company is unable to meet the Nov. 26 deadline for the next of the 28 search and rescue boats it has been contracted to build.

CGA Minister Lee Chung-wei (李仲威) responded to questions at the Legislative Yuan on Wednesday regarding the contract it awarded CFS and said that the contract would be terminated if the company is unable to deliver the 14th boat of the 28 it has been contracted to build by Nov. 26.

In light of CFS’s troubled financial situation, lawmakers are concerned about whether CFS will be able to deliver on its contracted work.    [FULL  STORY]