The Federal Government of Nigeria has entered into a Public-Private Partnership agreement with China Railway Construction Corporation Limited (CRCC) to build a new standard railway track from Abuja to Itakpe.
The contract also covers the construction of the Warri seaport.
Under the terms of the contract, the FG will take 15 percent equity in the project while the CRCC will take 10 percent equity. The remaining 75 percent will be sourced from Chinese Banks to execute the project…
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News Archive from before July 2018