CCCC signs agreement with SA on Moloto Rail Corridor Project
Source:Overseas Business DivisionTime:2016-09-14
On September 7, the 2nd
Investing in Africa Forum, organized by the People's Government of Guangdong
Province, the World Bank and the China Development Bank, opened in Guangzhou.
Ma Kai, Member of the Political Bureau of the CPC Central Committee and Vice
Premier of the State Council attended and addressed the opening ceremony. South
African President Jacob Zuma and Zhen Shaohua, Vice
President of CCCG and Chairman of the CCCC Supervisory Board were present.
the forum, on behalf of CCCC, Zhen signed the MOU on Moloto Rail Corridor Project in South Africa with the
Passenger Rail Agency of South Africa. With a full length of 128 km and a
contract value of some 2,500 million US dollars, the project is one of the
three key intergovernmental cooperation projects signed during this forum.
said, Moloto Rail Corridor Project signed at the forum is a major cooperative
rail project of South Africa and CCCC. The project will improve South Africa's
regional transportation infrastructure conditions, and promote regional
economic development and employment. The two sides will further deepen
cooperation and cement exchanges through transportation infrastructure