The Nigerian project further cements the company’s leading role in the Nigerian construction industry, and is also a milestone in the “going global” of Chinese railway, said Meng Fengchao, board chairman of CRCC.
The Chinese company also won a $1.93 billion residential construction project in Zimbabwe.
Chinese President Xi Jinping had met his Zimbabwean counterpart, Robert Mugabe, last week in Indonesia on the sidelines of the Asian-African Summit. The infrastructure deals were inked ahead of the upcoming sixth Ministerial Conference of the Forum on China-Africa Cooperation.
CRCC China-Africa Construction LTD, a wholly-owned subsidiary of CRCC, is now the largest rail transit contractor in Africa.
TBP and Agencies
China is working to revive the Silk Road, an ancient trading route that connected Asia to Europe. Recently it has been considering major deals with Pakistan and Russia Both are part of the so-called ‘One Belt, One Road’ initiative to boost trade and communication with Russia and Europe.