Dariana Tani, economist at Timetric’s Construction Intelligence Center (CIC), assesses Nigeria’s economic recovery plan and its impact on the country’s infrastructure sector.
Asia-Pacific has the largest power generation construction pipeline out of the major regions, with $1.67 trillion worth of investments, according to a new report.
China Railway Construction has secured a $1.85bn contract to build a light railway line in the state of Kano, Nigeria.The contract — awarded by the Ministry of Works, Housing & Transport — will involve the construction of about 74.3km of rail lines, which will have the capacity to carry trains travelling at a top speed of 100km per hour.The company did not disclose details regarding when the project is expected to commence, but said that phase one and two of the project are expected to last for two years each."This award is subject to the fulfilment of all conditions spelled out in the letter of intent from the financing bank and the final approval by the presidency of Nigeria," said China Railway Construction in a statement issued to the Hong Kong stock exchange.
US-based Arrow Capital and the University of Ilorin have finalised arrangements for the construction of a $2.3bn solar power plant at the university in Nigeria.