Chinese firm signs $30 m infrastructure deal with Delta Government

North China Construction Company limited say it has earmarked over $30 million for infrastructural development in Delta State.

BusinessDay reports that Wu Guo Qi, Chairman, (African Division) of the construction company made the disclosure during the signing of a Memorandum of Understanding (MoU) on infrastructural development with the Chinese Company in Asaba.

Wu Guo Qi said that the partnership was in furtherance of China’s policy of encouraging its big companies to help in the infrastructural development of Nigeria.

He said the MoU was aimed at long term strategic partnership with the state to develop key infrastructure and skill/technology acquisition including design, sand filling and provision of infrastructure in the new city on the banks of River Niger.

He listed other areas to include, design and construction of world class government offices; erosion control and construction of drains; urban renewal and upgrading of infrastructure including roads, water, schools, hospitals, renewable energy, waste to wealth.

Qi disclosed that the over 30 million dollars partnership with the state government would totally transform the infrastructure of the state in order to accelerate the economic and social development of the state as well as wealth creation through employment and skill acquisition

The Delta State Governor, Ifeanyi Okowa who noted that the partnership will boost infrastructural drive of the state,  expressed his administration’s willingness to partner with credible investors for the development of the state.

“Delta State government will partner with willing investors who have the technical and financial capacity for the infrastructural development of the state.

“We welcome investors that show interest in the state and are ready to partner with us in infrastructural development, we will partner with companies with the requisite technical and financial capacity to deliver quality projects that will be beneficial to Deltans.” he said.

Okowa observed that in the present economic downturn, private partnership was needed to develop infrastructure, noting that “the state government cannot do it alone so we welcome partnership that will yield good results and is beneficial to the people within the stipulated period of the contract.”