The Africa Finance Corporation (AFC), its partner ICMG Securities and China Harbour and Engineering Company (CHEC) have signed a memorandum of understanding (MOU) in China that will facilitate the construction of a $1 billion, 125 kilometre, six-lane ring road around the city of Port Harcourt.

Meeting with officials of China Communications and Construction Company (CCCC), the parent company of CHEC, in Beijing, Rivers State Governor Rotimi Amaechi said "infrastructure, creation of employment through capacity building of our people, and growth of the economy are the essentials to solving the Niger Delta crisis."

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Posted by boyang at July 14, 2008 11:32 AM