Chinese firm, Nigeria sign 6 bln USD rail project agreement -- Nigeria on May 15 signed an agreement of 6.68 billion U.S. dollars with China Civil Engineering Construction Corporation (CCECC) for a major segment of rail line linking the economic capital Lagos with Kano, northern Nigeria's commercial hub. "The signing of the Ibadan-Kaduna segment contract agreement concludes all outstanding segments of the Lagos-Kano rail line," said a statement by Nigeria's transport ministry.
China's Jiangsu to build biomedical center in Houston -- China's Jiangsu Province is to establish a biomedical innovation center in Houston, the fourth largest city in the United States, Liu Qing, President of Jiangsu Industrial Technology Research Institute told Xinhua on May 15. Liu made the remarks on the sideline of the two-day U.S.-China Innovation and Investment Summit, which kicked off in Houston on May 14.
4th span of Bangladesh's Padma Bridge installed successfully -- Chinese engineers on May 13 morning successfully installed the fourth span of Bangladesh's Padma Bridge. The 3,140-ton span was placed between pear-40 and pear-41. Bangladeshi government officials among others witnessed the installation process at a site of the bridge.
Construction of Mongolia's 1st oil refinery to begin in Q3 of 2018 -- The construction of Mongolia's first oil refinery will begin in its southeastern Dornogovi Province in the third quarter of 2018, the country's Ministry of Mining and Heavy Industry said on May 11. The project will be completed by 2022, according to Dolgorsuren Sumiyabazar, minister of Mining and Heavy Industry.
Nepali, Indian PM lay foundation stone for hydro project -- Nepali Prime Minister K.P. Sharma Oli and visiting Indian Prime Minister Narendra Modi jointly laid the foundation stone for the development of the 900MW Arun III Hydropower Project in the country's eastern Sankhuwasbha district. SJVN Limited, a joint venture company between the two countries, is developing one of the largest power projects in Nepal.
Mozambique anticipates landmark Chinese-built suspension bridge -- A twin-tower suspension bridge with a main span of 680 meters hanging over Maputo Bay is decorating the skyline of southern African nation Mozambique's capital city Maputo, becoming a new landmark project that will ease the city's cross-sea traffic. The project, costing 785.8 million U.S. dollars with 95 percent of the funding from China, is being built by the China Road and Bridge Corporation (CRBC) and set for official launch on June 25, Mozambique's Independence Day.
China-U.A.E industrial capacity cooperation financial service platform launched -- The development of China – U.A.E industrial capacity cooperation financial service platform was officially launched on May 11 as Jiangsu Overseas Cooperation and Investment Corporation (JOCIC) chairman Luo Hua and Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority CEO Richard Teng inked a Memorandum of Understanding (MoU) during the Inaugural Belt-and-Road Abu Dhabi Financial Forum in Beijing. The MoU signifies that the ADGM Financial Services Regulatory Authority would support the establishment of a comprehensive financial service platform that could better integrate financial resources to serve the development of China–U.A.E Industrial Capacity Cooperation Demonstration Zone and better foster companies within the zone.
Chinese companies to build landmark building along Gold Coast, Australia -- The Third Construction Engineering Company Ltd. of China Construction Second Engineering Bureau and Beijing Foriseland Real Estate Development Co. Ltd (Foriseland) signed a cooperation agreement on a real estate project on the Gold Coast of Australia in Beijing on May 11. The project is located in the core area of the Gold Coast. The tentative contract value is 630 million Australian dollars, which is approximately 3.15 billion Chinese yuan.
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