CHINESE FIRM TO INVEST $250 MILLION ON IBADAN DRY PORT

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President Buhari meeting with the delegation from CRCC
President Buhari meeting with the delegation from CRCC

 

Chairman of China Railway Construction Corporation Limited (CRCC), Mr Fenjian Chen has revealed plans to invest in a dry port in Ibadan, Oyo state. Mr. Chen met with President Buhari on Friday in Abuja and made this known to press men.

According to him, the projects undertaken by the company has 18,000 local employees and hopes to create about 40,000 jobs and help Nigeria shore up its infrastructures.

“The sum of $250 million dollars will be invested on a dry port in Ibadan, Oyo State, and it will decongest the ports in Lagos, and speed up clearance of goods by the Customs Service.

“Part of projects CRCC is undertaking include railway, dry port, free trade zone, and building of highways. About 40,000 more jobs are to be created from these.”

The president on his own part promised to personally pay attention to many projects being undertaken in the country.

“We are very grateful to China for the effort to rebuild our infrastructure, and for bringing technical expertise to the country. We will give the required support and cooperation, so that our old, out of date, and collapsed infrastructure might be turned around.” The president said.

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