Algeria Withholds Payment to Japanese Contractors, Asahi Says
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Algeria is withholding 100 billion yen ($1.2 billion) in payments owed to Japanese contractors, including Kajima Corp., for a highway construction project in the northern African country, the Asahi newspaper said.
Algeria refused to pay the money on grounds that the companies had failed to meet the terms of the contract, the newspaper reported, citing an unidentified person familiar with the situation.