Tiegan evacuation of Libya project suspended

China CRCC (601186) March 2 announced the company's project in Libya.　　The company said that there are 3 projects in Libya, the total contract of 4.237 billion U.S. dollars, has now completed 686 million U.S. dollars, the project all temporary shutdown, the company in the majority of Libyan personnel have been safely evacuated, the remaining few people have been ready to evacuate. China Building (601668) March 1 announcement, the company in Libya Project contract amount of about 17.6 billion yuan, has completed nearly half.　　Due to the current situation in Libya, the company has been in accordance with the unified Government arrangements, the withdrawal of all personnel, the project suspended. China CRCC, the company's projects in Libya are the coastal railways and extension lines (Tripoli-Syrte), the North-South Railway (Heches-Sabha) and the Western Railway (Tripoli-Gadir Kok),　　The total contract amounts to USD 4.237 billion, has now completed 686 million U.S. dollars, the outstanding contract amount of USD 3.551 billion, accounting for the total unfinished contract of China's iron construction is about 2.3%. The total contract for 3 projects was signed by China Civil Engineering Group Limited, a wholly-owned subsidiary of China Railway, and the Libyan Railway Authority under the Libyan government.　　The participating units in addition to the Middle-earth company, there are China's wholly-owned subsidiary of the Chinese Iron 11 Bureau, the 13 Bureau, the Chinese Railway 14 Bureau, China Railway 23 Bureau, China Railway Fourth survey and Design Institute and the fifth Survey and Design Institute. China's CRCC said the recent unrest in Libya intensified, the company in parts of Libya, the impact of the project all temporary shutdown. After the incident, the company immediately launched the emergency mechanism, the establishment of the Libyan Emergency Management team and the office. Middle-earth Company, China Railway 11 Bureau sent by deputy general manager headed to Libya immediately, do a good job in front of the organization and command.　　All units are required to ascertain the status of personnel, equipment and assets in Libya as soon as possible, establish a 24-hour duty system, keep the information unblocked, do all kinds of contingency plans, and make every effort to ensure personnel safety. So far, the majority of the Chinese iron built in Libya has been safely evacuated, the remaining few people are ready to evacuate, will be as soon as the Chinese government unified arrangements to evacuate. China CRCC said the evacuation will be 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. Reporter Chen Jing