The International Information Center for Structural Engineers

Wednesday, 29 April 2015 03:04

China Continues Extreme Investment in Africa

Worth a total of almost $5.5 billion, the China Railway Construction Corporation (CRCC) has signed two railway construction deals in Africa. CRCC is tasked with building a $3.5 billion intercity railway line in Nigeria’s southwestern Ogun State and a $1.93 billion residential construction project in Zimbabwe. These projects will help promote the expansion of China’s presence across the continent, while making its firms more competitive globally. This will also tighten China’s grip on Africa’s infrastructure economy.