Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,206,129 members, 7,994,838 topics. Date: Tuesday, 05 November 2024 at 10:02 PM

China Railway Construction Scores $12bn Deal To Link Nigeria’s Commercial Hubs - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / China Railway Construction Scores $12bn Deal To Link Nigeria’s Commercial Hubs (404 Views)

How To Link Your BVN To Your Gtbank Acct Via Any Atms Nationwide. / BVN - How To Link Your BVN To Your Other Bank Accounts Online Or By Sms / How To Link Your BVN To Your UBA Account Without Going To The Bank (2) (3) (4)

(1) (Reply)

China Railway Construction Scores $12bn Deal To Link Nigeria’s Commercial Hubs by Orina(m): 1:46pm On Nov 20, 2014
China Railway Construction Corp has signed a $12 billion deal with Nigeria to construct a West African coastal railway, stretching about 1,402 kilometres. This was announced by Chinese state news agency Xinhua on Thursday.
The project will link Nigeria’s economic capital, Lagos, from the west with Calabar in the southeast. Both are considered critical commercial hubs of the country, holding two of the busiest seaports. The project will create about 200,000 jobs and will help Beijing gain a footing in resourceful regions of Africa.
China seeks to establish standard trading relationships and construction projects around the world, thereby placing its manufacturing sector higher in the value chain.
“It is a mutually beneficial project,” CRCC Chairman Meng Fengchao told Xinhua. He added the railway project will lead to equipment exports from China worth $4 billion, including construction machinery, trains and steel products.
Trade between China and Nigeria totalled $13.6 billion last year.
All of these efforts have stepped up its presence on the African continent, as it seeks more resources and new markets to drive its economic growth.
http://www.ventures-africa.com/2014/11/china-railway-construction-scores-12bn-deal-to-link-nigerias-commercial-hubs/
Re: China Railway Construction Scores $12bn Deal To Link Nigeria’s Commercial Hubs by politricks: 1:58pm On Nov 20, 2014
LAGOS - Always present in any important project in Nigeria since 419 A.D

(1) (Reply)

Gtbank And Western Union. I Need Your Help. / OPEC Meets Thursday To Decide On Output Cuts / How Much Do You Make Now?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 6
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.