What daily losses is CCCC incurring due to the ECRL suspension?

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CCCC Faces Daily Losses Due to ECRL Project Suspension

China Communications Construction Company (CCCC) is incurring daily losses as a direct consequence of the suspension of work on the East Coast Rail Link (ECRL) project. These ongoing financial impacts are a significant concern for CCCC, with Vice President Sun Ziyu expressing that the situation is upsetting and negatively affects the company. The contractor emphasized that prolonged unresolved suspension is unsustainable due to these accumulating daily losses.
Impact of Work Stoppage on CCCC Operations

The suspension of work on the ECRL project has led to continuous daily financial losses for CCCC. Sun Ziyu highlighted that as a contractor, these losses are a source of distress and have a detrimental effect on the company's operations and financial standing. He stressed that CCCC cannot afford to have the ECRL project remain suspended and unresolved for an extended period.
CCCC's Involvement and Project Status

CCCC, as the contractor for the 688-kilometre ECRL, had already commenced significant work prior to the suspension. This included earthworks, tunnel excavation, road foundation construction, procurement of equipment and materials, hiring of workers, and establishing partnerships with over 700 local subcontractors, suppliers, and consultants. The company received a notice to suspend all work on July 4 from asset owner Malaysia Rail Link Sdn Bhd (MRL).
Importance of Timely Resolution

Sun Ziyu conveyed CCCC's hope that the Malaysian government's review of the ECRL project would not extend for an excessive duration. He pointed out that while a review of such a large-scale project is understandable following a change in government, a prolonged suspension is not mutually beneficial. The CCCC Vice President indicated that discussions with MRL are ongoing, and the company believes the issue can be resolved through negotiation, adhering to the signed contract.

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What daily losses is CCCC incurring due to the ECRL suspension?

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