China Road and Bridge Corporation (CRBC) has received an 18-month conditional nonexclusion from EIB-financed projects due to historical misconduct by CRBC as a tenderer in the procurement procedure for multiple EIB-financed projects across several countries.
The conditional non-exclusion was reached through a negotiated settlement agreement.
CRBC undertakes to enforce the level of standards applicable to its compliance programme and to report on material developments in its compliance programme for a period of eighteen months, starting from 3 June 2025. During the same period, CRBC also agrees to closely cooperate with the EIB, and assist it in its efforts to investigate prohibited conduct in EIB-financed projects.
CRBC remains eligible to participate in EIB-financed operations and activities, and to participate in EIB-financed tenders and to be awarded EIB-financed contracts, provided that CRBC complies with the terms of the settlement agreement.
During the investigation process, CRBC cooperated in full with the EIB, helped clarify matters, and provided information and material related to the wrongdoing addressed in full transparency. CRBC also took all necessary steps to implement several measures for the enhancement of its corporate governance and compliance system to ensure such misconduct is not repeated