[ET Net News Agency, 6 July 2018] China Communications Construction Company (CCCC)
(01800) said it has received a letter from Malaysia Rail Link SDN BHD, the employer, which
requires an immediate suspension of the Engineering, Procurement, Construction and
Commissioning Contract under the East Coast Rail Link Project (ECRL Project) until further
instructions.
The ECRL Project was contracted on 1 November 2016 and commenced construction in 2017.
The project has a contract value of about MYR46,000 million, which is equivalent to about
Rmb72,800 million. The project is for the design and construction of a railway project
with a length of 530 kilometers and traversing the Peninsular Malaysia from east to west.
The duration of the Contract is seven years.
According to the operating budget, the suspension of the ECRL Project will not have a
significant impact on CCCC's operating performance in 2018. (HL)
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01800 CHINA COMM CONS
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4.180 0.000 (0.000%) Others
06/07/2018 09:35
CCCC (01800) Malaysia project contract suspended
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