CCECC Nigeria Ltd., a subsidiary of China Railway
Construction Corp., kicked off construction of the Lagos-Ibadan double-track
railway on March 7. The project creates jobs for many young people, and will
promote development in the region, said Yemi Osinbajo, acting president of
Nigeria.
According to Li Jianhui, general manager of CCECC Nigeria
Ltd., the project will create over 4,000 jobs, adding momentum to Nigeria's
economic revival by promoting the development of related industries and
creating new tax opportunities.
The railway originates in Lagos, Nigeria's largest port, and
ends in Ibadan, capital of Oyo state. The railway, with a designed maximum
speed of 150 kilometers per hour, will adopt Chinese standards. Construction of
the $1.58 billion project will take three years. Once open, the railway will
transport both passengers and cargo.
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