Nigeria inks US$12b rail contract with CRCC
Print Edition
CHINA and Nigeria signed an official construction contract yesterday to build a railway along the African country’s coast, China Railway Construction Corp said.
The US$11.97 billion contract is China’s single largest overseas contract project, the CRCC said.
The coastal 22-stop railway, which will stretch for 1,402 kilometers, will link Lagos in the west with Calabar in the east.
Trains will travel at a top speed of 120 kilometers per hour, according to the CRCC.
“It’s a mutually beneficial project,” said CRCC Chairman Meng Fengchao, adding that the line will adopt Chinese technological standards and result in exports worth US$4 billion.
“Meanwhile, the project will create up to 200,000 local jobs, directly or indirectly. Up to 30,000 fixed job posts may also be provided when the railway is operational,” Meng said.
CRCC President Zhang Zongyan said the company would undertake further studies on targeted markets in Africa.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
