I think you'll find that this earth conductor is not a CPC (circuit protective conductor), but a bonding conductor linking the existing flats METs, making them in effect EMTs hopefully with a MET at the origin of the installation.
Now as both the conductor and the conduit are supposedly connected to these EMTs, any fault current flowing, will be carried by both the conductor and the conduit. At a disconnection time of a theoretical 0.4 sec, i doubt if a circulating current if any, would even have a chance to form.