China and Nigeria signed a contract in December 2014 to build a railway along the latter’s coast, China Railway Construction Corp. (CRCC) said. The $11.97-billion contract is China’s single largest overseas contract project. The 22-stop railway stretching over 1,402 km will link Nigeria’s economic capital Lagos in the west with Calabar in the east. Trains will travel at a top speed of 120 km per hour. “It is a mutually beneficial project,” said CRCC Chairman Meng Fengchao. It will create up to 200,000 local jobs. Up to 30,000 fixed jobs may also be created when the railway is operational.