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March 1, 2011

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Engineering Group Suspends Projects

CHINA State Construction Engineering Corp, the country's leading off-shore construction outsourcing company, is suspending its projects in Libya, it said yesterday.

CSCEC has signed construction contracts worth 17.6 billion yuan (US$2.67 billion) in Libya since 2007. More than half the projects are still under way.

"The unfinished projects have been suspended and their future development remains uncertain," said a spokesman for the company.



 

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