If you look closely at the rest of the pictures of the bike you can see the housing going to the normal downtube stop. In other pictures of the downtube you can see the cable and in the one of the bike in the stand the cable is shown coming up from its normal spot under the BB. I think the picture you posted is just the excess of the cable from the fixing bolt. Also the cable looks a little slack for the chain to be in the big ring.
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