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Nigeria awards a $6.68 billion rail contract to China Civil Engineering Construction Corporation

Wednesday, 16 May 2018 19:25

(Ecofin Agency) - Nigerian government awarded a $6.68 billion contract to China Civil Engineering Construction Corporation (CCECC) to construct a railway linking the economic capital Lagos (North-West) to Kano (North).  The information was reported yesterday May 15 by Xinhua which quoted official sources.

“The signing of the Ibadan-Kaduna segment agreement concludes all outstanding contract of the Lagos-Kano rail line,” Rotimi Amaechi, Nigerian transport ministry said, specifying that work is expected to last two or three years.

Let’s note that CCECC, subsidiary of China Railway Construction Corporation, has already been involved in the Lagos-Kano rail project. Back in 2016, the Nigerian government had awarded it a $1.685 billion contract concerning the construction of the Kano-Kaduna segment which is part of the project partly funded by China Eximbank.

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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