China’s state-owned railway construction firm China Railway Construction Corporation Ltd is now set to construct a major railway line in Nigeria after clinching the tender.
According to the government officials the project is expected to cost $1.85 billion to build a light railway line in the northern Nigerian state of Kano.
The China Railway Construction Corporation Ltd said that their subsidiaries will be carrying out the Kano railway project which remains a key project in Nigeria.
“WE will ensure that we carry out the project using our two subsidiaries which are already working in Africa and the contract amount of the project is approximately $1.851 billion, accounting for approximately” they added in the statement
The statement stated that the project’s cost is just 2% of their operating revenue that’s according to their financial report for 2015.
The four railway lines are expected to total out to 74 km (46 miles) and they will be capable of carrying trains that will be traveling at a speed of 100km/per hour.
“We will use the latest technology to ensure that we deliver the project on time and we have a good reputation for we have delivered a number of projects in the past” the statement added
They said they were awarded the contract because they fulfilled all the terms and conditions that the state wanted and they had been chosen in a very competitive tender application.
They said that the state of Kano will finance the project and will be partly assisted by China State Corporation.
The$1.85 bn railway line in Nigeria is expected to be carried in two phases and is expected to take at least two years in each phase.
“We will ensure that we deliver the project in four years time as we will carry each phase for two years” they added.
Infrastructure in Africa has in recent years received massive investments from government and donor partners as a way of boosting the continent’s economy.
