CRCC signs US$ 13.1 billion Nigerian rail framework
By Chris Sleight12 May 2014
China Civil Engineering Corporation, a subsidiary of China Railway Construction Corporation (CRCC) has signed a framework contract with the Nigerian Ministry of Transport to build a coastal railway for the country.
A 1,385 km long single track line is envisaged with a design speed of 120 km/hour. The provisional contract value is put at US 13.1 billion.
CRCC is the second largest construction company in the world according to iC’s League Table of the global industry top 200. The company said that if the Nigerian coastal railway scheme went ahead, the US$ 13.2 billion price tag would be equivalent to 13.8% of its 2013 revenues.