Friday, 18 March 2016

5 Mega Infrastructure Projects In Africa Funded By China

Over the last decade, China has risen to become the single largest trade partner for many African countries. It has also become a major source of financial support for various development projects being undertaken on the continent.
Infrastructure development is a key pillar of the China-Africa relationship. In Africa, infrastructure projects awarded to Chinese companies are financed by their government through loans and grants.
Based on the cost of construction, below are 5 of the mega infrastructure projects in Africa funded by China.

Coastal Railway – Nigeria

 
  This is the largest ever contract awarded to a Chinese company in Africa. The project is worth $12 billion. The deal was signed between the Federal Republic of Nigeria and China Railway Construction Corp (CRCC) on November 19, 2014. The railway is 1,402 km in length and upon completion; it will link Lagos, the nation’s economic capital, with the eastern city of Calabar, passing through 10 states. It will also link cities with the oil rich state of Niger Delta.

Modderfontein New City Project – South Africa

 
 The Modderfontein New City Project, being built on the outskirts of the country’s capital, Johannesburg. The project, worth $ 7 billion, is one of the biggest real estate projects undertaken by a Chinese firm in the country. A Chinese company, Shanghai Zendai, is building the city which will be home to at least 10,000 residents upon completion. The city will have finance and trade facilities, an industrial zone, sports and recreation facilities and an African heritage theme park.

Dangote Cement Plc Expansion

 
 The deal was signed between Africa’s biggest cement producer, owned by the continent’s richest man Aliko Dangote, and Sinoma International Engineering Co. Ltd, a Chinese construction company. It is worth $4.34 billion. The project is an expansion of the Dangote Cement Plc into Nigeria, Ethiopia, Kenya, Zambia, Senegal, Mali, Cameroon and Ivory Coast. This will increase cement production by 25 million metric tonnes and boost the overall production to over 70 million metric tonnes annually.

Mphanda Nkuwa Dam and Hydroelectric station project – Mozambique

It is worth $3.1 billion. The deal was signed by the Mozambican government and Export-Import Bank of China on April 21, 2006. The project upon completion would provide 1,500 megawatts of power to the national electricity grid of Mozambique. The project also covers the construction of Moamba-Major Dam that will supply drinking water to the residents of Maputo.

Infrastructure Projects In Malawi

China has funded $1.7 billion worth of infrastructural projects in the Southern Africa country. The deal includes a 300 megawatts coal-powered station at Kam’mwamba worth$667.2 million and reconstruction of the Chileka International Airport at a cost of $285.4 million. Others are the 140km Tsangano-Mwanza (in Tanzania) road construction worth $169.4 million, upgrading of the Phombeya-Makanjira-Nkhotakota-Chatoloma 220 kV power line worth $189.3million and $23 million to fund construction of the Blantyre District Hospital and Cancer Centre

Compiled by Felicia

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