April 28, 2015

CRCC signs $US 3.5bn Nigerian rail contract

Written by  Shem Oirere
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CHINA Railway Construction Corporation (CRCC) subsidiary China Civil Engineering Construction Corporation Nigeria has signed $US 3.51bn contract with the government of the state of Ogun for the construction of a 334km standard-gauge line.

CCECC Nigeria will begin construction as soon as financing for the project has been finalised, according to CRCC chairman Mr Meng Fengchao, who says the project's price "was estimated on the basis of conceptual design."

The final price will be determined by both parties following reference to the final construction design.

The line will designed for 120km/h operation.

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