no CSST money for health village

Posted on Tumblr on Sep 27.

Negotiations to get CSST (China Security and Surveillance Technology) to finance a ‘health village’ (Heilsuþorp á Flúðum) one hour from Reykjavik have fallen through over what the director of the Icelandic company behind the project calls the Chinese lender’s “unacceptable” conditions, RÚV reports. What the specific conditions were is unclear, but earlier comments suggest CSST might have required a sizeable part of the materials to be procured from China. An understandable demand, as CSST themselves would likely be have been able to supply some of those materials.