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Chinese firm wins Algerian rail contracts worth 1.46 billion euros
Algiers (AFP) July 20, 2009 The Chinese civil engineering group CCECC has won three contracts worth a total of 146 billion dinars (1.46 billion euros) to build railways in Algeria, a Ministry of Transport agency told AFP on Monday. CCECC will build railway lines between Tissemlit and Boughzoul, Saida and Tiaret, and M'Sila and Boughzoul in western Algeria, according to Anesrif, the agency responsible for expanding Algeria's railway network. The lines will link the north of the country with the high regions in the west. The Algerian company Infrarail will help build the line between M'Sila and Boughzoul. The three contracts, worth over 2.0 billion dollars, have yet to be approved by Algeria's commission for public works. Share This Article With Planet Earth
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China mulls listing Beijing-Shanghai rail line: state mediaBeijing (AFP) June 25, 2009 China is considering a stock market listing for its valuable Beijing-Shanghai railway line to raise funds for the nation's massive rail construction plans, state media said Thursday. The Ministry of Railways is mulling restructuring the line linking the country's two richest cities into a holding company before floating it, the China Daily reported. The report said the line was ... read more |
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