ENUGU, JUNE 24, 2016 – A Chinese construction company, China CAMC Eng. Ltd. has offered to rehabilitate the deplorable Enugu-Onitsha expressway on Built,Operate and Transfer (BOT) concession.The company led by Dr Chuma Ezedimma of the United Nations Industrial Development Organisation (UNIDO) made the disclosure on Friday during a courtesy call on Gov. Ifeanyi Ugwuanyi of Enugu State.
Ezedimma, who is in-charge of the UNIDO Regional Office in Nigeria, said that the Chinese company was a public-owned firm in Asia.
He said that the construction company would rehabilitate the road with its sourced fund while a process of recouping the money invested would be worked out.
“The idea is for China CAMC to rehabilitate the road and toll it for a number of years that will be agreed on to recoup its investment before transferring it to government,” Ezedimma said.
He said that funds for rehabilitation of the road would not be a problem as the company had already taken advantage of the China-Africa fund in its operations.
According to him, the company is a reliable partner with UNIDO and has a wide range of interest, which includes power, oil and gas, petrochemical among others.
“The mission of China CAMC Eng. Ltd. in Nigeria is to seek for investment in several areas like agriculture, infrastructure, mining and social investments.
“As a public and centrally owned company, it has access to the China-Africa fund which is a 60 billion US Dollar fund which we want to use to promote technology and investment in Nigeria,” he said.
Ezedimma said that they were in the state to solicit positive partnership in the area of infrastructural development.
He urged the government of Anambra and Enugu States to table the proposal for the rehabilitation of the road to the Minister of Power, Works nd Housing.
Responding, Ugwuanyi expressed delight in the interest of the company to invest in the state.
He said that the state government had interest in direct foreign investment, which necessitated the first Enugu State Investment Summit held in April.
The governor said that his administration would provide the enabling environment for all investors that sought to do business in the state to thrive.
“The interest of China CAMC to invest in our state is much welcome and we shall make them comfortable and their investments safe,” Ugwuanyi said.
