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China inks 5.5 bln USD infrastructure construction contracts in Africa

Xinhua, April 27, 2015 Adjust font size:

Two big construction orders in Africa totalling nearly 5.5 billion U.S. dollars have been signed by China' largest railway constructor, China Railway Construction Corp. (CRCC).

The contracts, signed by CRCC China-Africa Construction LTD., a wholly-owned subsidiary of CRCC, include a 3.506 billion dollars contract for an inter-city railway project in Nigeria and a 1.93 billion dollar residential construction project in Zimbabwe.

The Nigerian project further cements the company's leading role in the Nigerian construction industry, and is also a milestone in the "going global" of Chinese railway, said Meng Fengchao, board chairman of CRCC.

CRCC China-Africa Construction LTD. is now the largest rail transit contractor in Africa. Endi