The Nigerian Minister of Transportation, Rotimi Amaechi, on Wednesday in an interview with CNBC Africa disclosed that a Chinese company will take up construction work of two railway projects in Nigeria.
China Civil Engineering Construction Corporation Ltd. (CCECC), one of the subsidiaries of China Railway Construction Corporation, a state-owned construction enterprise, will undertake the construction work of a $19.4 billion railway project and the work will last two to three years, said Amaechi in the interview.
The minister also said that The Export-Import Bank of China will provide loans for the construction.
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