CCECC awarded $7bn Nigerian rail contract

By professo

The Nigerian government has awarded a US$6.68bn contract for a major railroad project to the China Civil Engineering Construction Corporation (CCECC).

The project will see the state-owned construction company develop the rail track between the nation’s largest city, Lagos, and Kano, Xinhua claims.

The route will travel between the southwest and the north of Nigeria, which is anticipated to run for approximately 1,000km.

The deal was signed for on 15 May, with work expecting to begin in two to three years.

SEE ALSO:

“The signing of the ... segment contract agreement today (Tuesday) concludes all outstanding segments of the Lagos-Kano rail line,” stated the country’s transport ministry, Xinhua reported.

CCECC has been working on other aspects of the large construction project, which launched in 2006.

Due to the scale of the rail project, it has been broken into sections for implementation.

China’s largest construction company won the $1.685bn contract for work between Kano and Kaduna.

China has also invested into the Nigerian railway line project, with the China Exim bank providing a $1.231bn loan to the modernisation programme.

Share

Featured Articles

Top 10 metaverse projects in the UAE, including world firsts

As Accenture predicts the metaverse will fuel a US$1 trilion commerce opportunity by 2025, we round up 10 pioneering metaverse projects in the UAE

PwC’s survey shows Middle East CEOs remain upbeat on growth

CEOs in the Middle East are far more optimistic about regional growth than those in North America and Europe, according to PwC’s annual survey

Opinion: “Why we must tackle the digital skills crisis"

Upskilling for the digital world isn’t complicated but it is urgent, argues Tom Moore, CEO of WithYouWithMe – a social impact tech firm founded by veterans

5 Mins With: Kathryn Kaminsky Vice Chair Trust Solutions PwC

Leadership & Strategy

Survey: The Future of Cloud Security in the Middle East

Technology

Deloitte US Chief Purpose Officer on driving impact at scale

Leadership & Strategy