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Nigeria Awards $7bn Rail Project To Chinese State Rail Firm – Xinhua I The Precision

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Nigeria has awarded a $6.68 billion contract to the China Civil
Engineering Construction Corporation (CCECC) for work on a major segment
of a railway linking the country’s commercial hub Lagos, in the
southwest, and Kano in the north, Xinhua reported. 

“The signing
of the … segment contract agreement today (Tuesday) concludes all
outstanding segments of the Lagos-Kano rail line,” the Chinese state
news agency quoted Nigeria’s transport ministry as saying. The work is
expected to take two or three years. 

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CCECC, a subsidiary of
Chinese state rail builder China Railway Construction Corporation, has
been involved in other parts of the Lagos-Kano rail project, which
started in 2006 and was broken into segments for implementation. 
In
2016, Nigeria awarded it work on a segment between the northern states
of Kano and Kaduna with a contract sum of $1.685 billion. 
The
railway line is also receiving funding from China. In April, China Exim
bank approved a $1.231 billion loan for the network’s modernisation
programme.

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