I have been on record of saying EWI would not have had a problem finding the bid bond, they had enough cash on hand to deal with that. My concern was whether or not EWI will be able to finance this massive project. I am also on record of suggesting that EWI had to get this project for reasons I had mentioned earlier .
The big question for me is how does EWI/EWC plan to finance this project. Given the controversy surrounding this project, I do not see the IDB or world bank lending any money to EWC, which leaves only the China Exim bank , as no one else has enough money to undertake such a project. The other worrying issue for me is EWI has never undertaken such a massive project in its over 30 yr history and given its track record of delays and cost overrun, can EWI really deliver.
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