US $3.9bn FOR CONSTRUCTION OF ABUJA-ITAKPE RAILWAY.

US $3.9bn FOR CONSTRUCTION OF ABUJA-ITAKPE RAILWAY.

Minister of Transportation Rotimi Amaechi signs a US $3.9bn deal with China Railway Construction Corporation (CRCC) for construction of Abuja-Itakpe railway.

The public private partnership will consist of 15% Nigerian equity, 10% CRCC equity and 75% borrowed  SPV from the Chinese Bank.

“The signing ceremony that we had today is

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CHINA SIGNS FIRST PRIVATE HIGH SPEED RAIL DEAL

CHINA SIGNS FIRST PRIVATE HIGH SPEED RAIL DEAL

The government of Zhejiang province and a  group led by Fosun High Technology has signed a Public-Private Partnership (PPP) deal  for the first high speed rail project in China to be funded by a private sector.

Fosun, a conglomerate known for aggressive acquisitions around the world, is to organise an …

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