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|Landmark signing to build 1 Cheap Under Armour Womens Shoes ,402 km line is largest ever overseas contract
China Railway Construction Corp said on Thursday that it has signed an agreement with the Nigerian government for a $11.97 billion coastal railway line in the African nation.
The rail construction contractor said it is China's single largest overseas contract project till date.
Nigeria's Transport Minister, Idris Umar, signed the contract with CRCC officials in the capital city of Abuja on Thursday.
The coastal railway will link Nigeria's economic capital Lagos in the west with Calabar, the capital of the country's Cross River state in the east. Trains will travel at a top speed of 120 kilometers per hour.
Meng Fengchao, chairman of CRCC Cheap Under Armour Shoes , said the project will use Chinese technology standards and result in equipment exports of about $4 billion, such as construction machinery, trains and steel products.
"The project will also create 200,000 local jobs, directly or indirectly Under Armour Youth Shoes Outlet ," said Meng. "Up to 30,000 job posts will be available after the railway becomes operational."
The rail will have 22 stops and stretch for 1,402 kilometers. It will cover 10 Nigerian states and the Niger Delta, the country's main oil producing region
Han Hongcai, deputy director of the department for Asian Under Armour Kids Shoes Outlet , African and Latin American affairs at the Chinese People's Institute of Foreign Affairs, said: "Most of the Nigerian states have big populations, and the local economy is developed enough to trigger more demand for railroads, goods, logistics services Under Armour Boys Shoes Outlet , machinery and construction materials."
Han said the project will to some extent ease the economic losses arising out of the Ebola epidemic and encourage people to work on rejuvenating the local economy.
CRCC signed a framework contract with the Nigerian Ministry of Transport in May with an initial contract value of $13.1 billion to build the railroad. The contract value was adjusted to $11.97 billion after the Nigerian government modified the design scheme.
The Chinese company has a presence in 77 countries and regions and has acquired orders worth 114.7 billion yuan ($18.69 billion) during the first three quarters of this year. That represents a 244 percent year-on-year growth over the same period a year ago.
CRCC President Zhang Zongyan said the company would undertake further studies to develop the railway in a green and efficient manner.
"Unlike other African countries with weak industrial foundation, construction materials do not have to be shipped to Nigeria from China during the construction phases," said Zhang.
Chinese companies can purchase the materials they need from local suppliers as both Nigeria's light and heavy industries have grown rapidly during the past three decades, boosted by its oil industry.
As many countries have plans to build modern railways to further integrate the regional economy, Chinese rail construction project providers such as CRCC and China Railway Group are also keeping a close eye on other big ticket contracts in other parts of the world.
The government of Thailand this month approved a plan for China to invest in an 867-km dual-track rail. The project connecting northeast Thailand's Nong Khai province Under Armour Mens Shoes Outlet , capital Bangkok and eastern Rayong province will be developed through a government-to-government contract.
UNITED NATIONS, Aug. 5 (Xinhua) -- The new UN Security Council resolution that imposes tougher sanctions against the Democratic People's Republic of Korea (DPRK) is all about preventing chaos and conflict on the Korean Peninsula, said Chinese ambassador to the United Nations Liu Jieyi on Saturday.
The unanimous adoption of Resolution 2371 by the council on Saturday demonstrates that the international community is united in its position regarding the nuclear issue of the Korean Peninsula, Liu told the Security Council after the voting of the sanctions.
There are three major components in the resolution: further sanctions against the DPRK's nuclear and missile programs; no intention to harm activities that are not prohibited by the resolution, such as economic activities and cooperation Under Armour Womens Shoes Outlet , food and economic assistance; a call for the resumption of the six-party talks, commitment to finding a peaceful solution, and the emphasis of the importance of de-escalating tensions on the Korean Peninsula by the parties concerned, said Liu.
China is opposed to the DPRK's launching activities that violate Security Council resolutions and are in defiance of the will of the entire international community, he said.
China has always insisted on realizing the denuclearization of the Korean Peninsula Under Armour Shoes Outlet , upholding peace and stability there and seeking a solution through dialogue and consultation. "China has always and firmly been opposed to chaos and conflict on the peninsula," said Liu.
China believes that these form part and parcel of Saturday's resolution and that all of the parties should implement the provisions contained in the resolution fully and earnestly, the ambassador said.
China has been making tireless efforts to promote denuclearization of the peninsula and to uphold peace and stability on the peninsula, he noted.
On July 4, China and Russia issued a joint statement on the issue of the Korean Peninsula. The two countries put forward a roadmap on the basis of Russia's step-by-step approach and China's idea of a dual approach -- parallel efforts to move forward both denuclearization and the establishment of a peaceful mechanism on the peninsula -- and China's initiative of suspension-for-suspension -- which calls for the DPRK to suspend its nuclear and missile activities and for the United States and South Korea to suspend their large-scale war games Under Armour Youth Shoes Sale , said Liu.
The China-Russia initiative, which aims at tackling both the symptoms and the root causes of the problem and seeks a solution through an integrated approach,. Cheap Team Canada Jerseys Cheap Jacksonville Jaguars Jerseys Cheap Atlanta Falcons Jerseys Cheap Dallas Cowboys Jerseys Cheap Indianapolis Colts Jerseys Cheap Kansas City Chiefs Jerseys Cheap Arizona Cardinals Jerseys Wholesale Broncos Jerseys Wholesale Bills Jerseys Wholesale Cincinnati Bengals Jerseys