The Mutun steel project to date has disbursed around 104 million dollars. However, there are inconsistencies in the progress of the work; the government argues that the development is 3% and the Consul General of China Wang Jialei reported that the company Sinosteel, which executes the project, has an advance of 40%. The steel plant has already had two failed attempts: with the Brazilian EBX in 2006 and with the Indian Jindal in 2012. In January 2019, the construction of the steel plant began with a 30-month completion period.
Source: Los Tiempos
