Loading...
See More

China rail firm in $1.4bn African contracts

Feb 15 2012 11:48 Reuters

Related Articles

SA, Swaziland to build R17bn rail line

State eyes R137bn passenger rail upgrade

Ndebele: Gautrain start of modern rail

Gautrain on track for new route permit

NPC eyes labour reform to tackle poverty

Gautrain gets safety permits

 
Shanghai - A subsidiary of China Railway Construction Corp has signed two projects in Africa with a total contract value of 9.1 billion yuan, the company said in a statement to the Shanghai Stock Exchange.

The value of the projects, located in Nigeria and Djibouti, equates to just under 2% of China Railway's 2010 operating income, the company said.

China Railway has actively pursued overseas investments this year. In late November, a consortium involving China Railway and Aluminum Corporation of China (Chinalco) announced a deal to develop an iron ore mine in Guinea.

The company is also part of a consortium of Chinese firms in talks with the Ecuadorian government on a gold mining project.
djibouti  |  nigeria
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...