More than 50 subcontractors and local suppliers for the Light Rail Transit 3 (LRT3) packages GS05 and GS06 in Malaysia protested to China’s Railway Construction Corporation (CRCC) because they have been delinquent on payments for over a year.
The peaceful demonstration took place at Seksyen 1, Shah Alam, on September 14.
The protesters said that the China Railway 17th Bureau Group, or CRCC 17, owed them payments coming to a total of 25 million MYR (Malaysian Ringgit), or US $5.5 million. CRCC 17 has promised to make the payment several times in the past, but has never done so.
In the past couple of years, China’s real estate companies have struggled to pay their debts on time, but those were mostly private companies and related to construction projects within China. This case involves a state-owned enterprise that is delinquent on an overseas project.
Source: eNanYang.my, September 14, 2022
https://www.enanyang.my/财经新闻/抗议拖欠2500万-承包商要中铁17局还钱