[ET Net News Agency, 17 May 2018] China Railway Construction Corporation (CRCC) (01186)
said its subsidiary China Civil Engineering Construction Corporation has entered into the
Implementation of Addendum No. 4 (Ibadan-Kaduna Segment of the Lagos/Kano Rail Line with
Branch Line from Oshogbo to Ado-Ekiti) with the Federal Ministry of Transportation of
Nigeria, being the fourth section of Nigeria's Railway Modernization Project.
The main line (Ibadan-Kaduna section) has a total length of 616.14 km, which will be
newly built as double track railway; the branch line has a total length of 80.88 km, which
will be newly built as single track railway. The designed maximum speed of the railways is
150km/h and the construction period of the project is 48 months.
The amount of the contract is about US$6.681 billion (equivalent to about Rmb42.328
billion), representing about 6.22% of the operating revenue of CRCC for the year 2017
under the PRC accounting standards. (HL)
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01186 CHINA RAIL CONS
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17/05/2018 09:16
CRCC (01186) inks US$6.68bn Nigeria railway project contract
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