SAT MAY 18 2024-theGBJournal| The Chairman of the China Railway Construction Corporation (CRCC)Dai Hegen, highlighted some of the projects in the works and those completed by the corporation by the company when he led executives of the company to pay a working visit to President Bola Tinubu at State House, Abuja.
“In the railway construction sector, the Kano-Kaduna Railway is 39 percent completed and is on course for completion in the second quarter of 2026. The Abuja-Kaduna Railway and Lagos-Ibadan Railway have carried approximately 9 million passengers since they were completed and commissioned.
Freight services have officially commenced along Lagos-Ibadan axis since September 2023, and a total 180,000 tons of cargo have been transported,” Chairman Dai Hegen said.
Mr. Hegen also said the corporation has signed investment cooperation agreements with 119 companies, stimulating investments of $3 billion, and creating 4,000 direct jobs for Nigerians, as well as paying $125 million in taxes.
He extended the invitation of the Chinese government to President Tinubu to attend the Forum on China-Africa Cooperation (FOCAC) to further deepen cooperation along mutual areas of interest.
“With the support of Your Excellency, we plan to increase our investments in key areas, such as agriculture, power, solid minerals, natural gas, and renewable energy technologies to promote the economic development of the country,” the CRCC Chairman added.
Meanwhile, President Tinubu encouraged the corporation to also explore other avenues of cooperation, especially in solid minerals, adding: “The door is open for partnership, and partnership that will add value to both sides. Solid minerals development is the next frontier for mutually-beneficial growth and collaboration.”
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
