Japanese contractor Chiyoda has secured funding of 180 billion yen ($1.6 billion) from a pair of compatriot companies after it posted a large loss due to cost blowouts on liquefied natural gas projects, writes Russell Searancke.
Mitsubishi Corporation and Mitsubishi UFJ Financial Group (MUFJ) are lending the support and have also committed to supply top management personnel and frontline project managers as part of the rescue effort.
