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Engineering Group Suspends Projects
Source: Xinhua |
March 1, 2011, Tuesday
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Print Edition
Print Edition
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.
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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