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POSCO ENGINEERING EYES US$10 BLN NIGERIAN RAILROAD CONTRACT.

AsiaPulse News

| November 01, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Nov 1 Asia Pulse - South Korea's POSCO Engineering and Construction Co. is aiming to win a US$10 billion contract to modernize Nigeria's railroad system, industry sources said Wednesday.

POSCO said it had a good chance to win the deal because the South Korean government is pushing for a comprehensive agreement to build up the African country's energy and transportation infrastructure. The two countries are expected to sign a memorandum of understanding next week for cooperation in oil field development, electricity power generation and railroad construction.

The Ministry of Construction and Engineering and the Ministry of Commerce, Industry and Energy also said the construction company is in a ...

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