Nigeria has awarded a $6.68 billion contract to the China Civil Engineering Construction Corporation (CCECC) for work on a major segment of a railway linking the country’s commercial hub Lagos, in the southwest, and Kano in the north, Xinhua reported.
“The signing of the ... segment contract agreement today (Tuesday) concludes all outstanding segments of the Lagos-Kano rail line,” the Chinese state news agency quoted Nigeria’s transport ministry as saying. The work is expected to take two or three years.
CCECC, a subsidiary of Chinese state rail builder China Railway Construction Corporation, has been involved in other parts of the Lagos-Kano rail project, which started in 2006 and was broken into segments for implementation.
In 2016, Nigeria awarded it work on a segment between the northern states of Kano and Kaduna with a contract sum of $1.685 billion.
The railway line is also receiving funding from China. In April, China Exim bank approved a $1.231 billion loan for the network’s modernisation programme.
Meanwhile in Kenya, the government's desire to achieve the Big Four agenda is likely to see China's credit to Kenya hit Sh1 trillion by 2022.
This follows a pledge by the Asian economic giant to support Jubilee's blue print for the next five years that is aimed at improving the living conditions of an estimated 47 million Kenyans.
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