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June 24, 2009

Sino-Turkish consortium wins Algerian contracts

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THE ALGERIAN government has selected a consortium of China Civil Engineering Construction Corporation (CCECC) and Turkish partner Ozgun Construction to carry out two major railway projects at a total cost of more than $US 3 billion.
CCECC will have an 84% share of the $US 2.4 billion contract to upgrade and electrify the 175km Thénia - Bourdj-Bou-Arreridj section of the Algiers - Constantine line, which will take four years to complete. The other contract is worth $US 606 million and covers the three-year project to build a 55km line from El Afroun, east of Algiers, to Khemis Miliana.
CCECC is a subsidiary of China Railway Construction Corporation, which last year achieved revenues of $US 32.1 billion, a 27% increase over 2007 levels.

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