Friday, November 21, 2014
China To Link Lagos To Calabar By Rail
Add BBN on 2BAFB965
A Chinese company yesterday signed a $12 billion agreement to build a railway along Nigeria's coast. The project would connect Lagos to Calabar covering 1,402 kilometres (871 miles).
BlackBox Nigeria reliably gathered that this contract is China's single largest overseas contract.
China Railway Construction Corp. Ltd. (CRCC) signed the official construction contract with the President Goodluck Jonathan led administration in Abuja.
The railway will stretch for 1,402 kilometres (871 miles) along the coast, linking Lagos, the financial capital of Africa's largest economy and leading oil producer, and Calabar in the east, according to the report made available to BBN.
The 22-stop rail project is estimated to 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.
BlackBox Nigeria reliably gathered that this contract is China's single largest overseas contract.
China Railway Construction Corp. Ltd. (CRCC) signed the official construction contract with the President Goodluck Jonathan led administration in Abuja.
The railway will stretch for 1,402 kilometres (871 miles) along the coast, linking Lagos, the financial capital of Africa's largest economy and leading oil producer, and Calabar in the east, according to the report made available to BBN.
The 22-stop rail project is estimated to 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.
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