A US$3.5bn (£2.31bn) contract has been awarded this week for construction of a 334km railway in Nigeria.
A subsidiary of CRCC China-Africa Construction has entered into a contract with the Ogun State government to build the Nigeria Ogun State Intercity Rail Mass Transit project.
The line has a design speed of 120km/h. The US$3.506bn value was estimated on the basis of conceptual design, while the final price will be determined by negotiations with reference to the construction design.
The formal implementation of the project is subject to the final implementation of the financing.
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