I hope the translation of this agreement in the earlier posted article is accurate because this original document is at best recondite to an un-lawyer like me.
Please help me understand this. I got the impression from the article that though they sold bonds to raise 730 million dollars to build the plant, they will be taxed for the next 25 years as if the plant were worth 100 million dollars.
Is it possible for the plant to cost more to build than it is worth?
Anybody who has built a house in the last two or three years knows it is not only possible but more likely probable.
How would that house be assessed?
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