China railway has fallen nearly 4% in a temporary shutdown of the Libyan project

NetEase Finance March 2 News China CRCC 1st evening issued a notice, said its 3 projects in Libya, the total contract of 4.237 billion U.S. dollars, has now completed 686 million U.S. dollars, the outstanding contract amount of 3.551 billion U.S. dollars, accounting for its outstanding contract total about 2.3%.　　Due to the recent unrest in Libya, it has been hit in some of the Libyan camps, the project has been suspended. China CRCC said that the emergency mechanism has been activated, the majority of the company's Libyan personnel have been safely evacuated, the remaining few people are ready to evacuate, will be as soon as the Chinese government unified arrangements to evacuate. This evacuation will have a certain cost.　　Due to the uncertainty of the situation in Libya, the project site equipment, material preservation and follow-up progress will be uncertain.　　In the secondary market, China's iron construction today low drive low, the plate fell nearly 4%, volume than the previous days to enlarge. Related news China Railway construction in Libya 4.237 billion U.S. dollar project suspension in the construction of a total of 45 billion yuan Libya project temporary shutdown of the sea oil Service employees all back home