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State-owned Chinese firm chosen to build UK’s Swansea tidal lagoon

China Harbour Engineering Company (CHEC) has been named preferred bidder for the $460m (£300m) contract to build the dam for the world’s first tidal lagoon power plant, in Swansea, Wales.

According to the terms of the deal approximately half of the contract value must be spent on British workers and suppliers, leaving the other half open to Chinese firms and workers.

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