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March 31, 2012

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Gas project woes

THE National Audit Office yesterday said it has found several irregularities concerning quality management, investment control and land acquisition in China's second west-east natural gas pipeline project.

Based on an audit conducted between June and September, the NAO said irregular bidding on construction and equipment material purchases involved 837 million yuan (US$133 million) by the end of September, accounting for 31 percent of the NAO's random inspections. The NAO also uncovered improper calculations for construction expenditures, increasing the amount invested by 204 million yuan.

 

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