Posted on: November 24th, 2014 by Administrator No Comments

China Railway Construction Corp has signed a deal worth nearly $12 billion with Nigeria to build a railway along the West African nation’s coast, from Lagos to Calabar, Chinese state news agency Xinhua said yesterday.
The announcement comes shortly after Mexico abruptly scrapped a $3.75 billion high-speed rail contract with a consortium led by the Chinese firm over transparency concerns.
China is pushing to win railway construction projects around the world as part of plans to export its high-speed technology and lift its manufacturing sector up the value chain.

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