$11.97b rail con­tract signed with Nige­ria

China Daily (Canada) - - NEWSCAPSULE -

China and Nige­ria have signed an $11.97 bil­lion con­tract to build a rail­way along the African coun­try’s coast, China Rail­way Con­struc­tion Corp Ltd (CRCC) said. It is China’s sin­gle largest over­seas con­tract project, the CRCC said.

The coastal 22-stop rail­way will stretch for 1,402 kilo­me­ters (871.16 miles) and link Nige­ria’s eco­nomic cap­i­tal La­gos in the west with Cal­abar in the east. Trains will travel at a top speed of 75 miles per hour, ac­cord­ing to the CRCC.

“It is a mu­tu­ally ben­e­fi­cial project,” said CRCC chair­man Meng Fengchao, adding that the coastal rail­way project will cre­ate up to 200,000 lo­cal jobs, di­rectly or in­di­rectly.

“Up to 30,000 fixed job posts may also be pro­vided when the rail­way is op­er­a­tional,” Meng said.

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