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Malaysia announced the immediate closure of the East Coast Railway project in cooperation with China Communications Construction (01800). China Communications Construction said that according to the operating budget, the suspension of the construction of the project will not have a major impact on the company's operating performance in 2018.
China Communications Construction suspended the Whole project in progress and will actively protect the legitimate rights and interests of the company as a general contractor for design and construction in accordance with the terms of the project contract. Projects under construction are mainly distributed in more than 140 countries and regions such as Africa, Southeast Asia, Hong Kong, Macau, Taiwan and Australia, at the same time. 39, except for the construction of the East Coast Railway Project.
The cost of the East Coast Railway rises to 20 billion US dollars (about 156 billion US dollars) and 688 kilometers long, which is an important part of China's expansion by the "Belt and Road" initiative.
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