Two Chinese companies are set to invest around Tk 244 crore, equivalent to $28.69 million, in Bangladesh for establishing manufacturing units for non-woven personal protective equipment (PPE), steel structural items and ready-mix concrete.
The duo will sign an agreement with Bangladesh Economic Zones Authority (Beza) tomorrow to take lease of land to set up the factories at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN).
Beza Executive Chairman Paban Chowdhry termed the investment a really encouraging development during a pandemic and more so for its offer of import substitutes.
This exemplifies foreign investors confidence built up through Beza s performance and government initiatives to create a business friendly environment, he said.
Mujib Dada-Gadri urges government to subsidise rail transport to make it affordable
Hon. Rotimi Amaechi, the Minister of Transportation, was speaking at the inauguration of the governing council of the Chartered Institute of Transport Administration of Nigeria (CIOTA) in Abuja on Friday, 4 December 2020 and he said categorically, “Today I approved the charges on passengers from Lagos to Ibadan, we just transfer how we charged from Abuja. We charge N3,000 per economy seat, N5,000 for business class, and N6,000 for first class, the same is applicable to Lagos to Ibadan”. He hinted about the commencement of operations by January 2021. The Lagos-Ibadan railway (SGR) is to track on 156km and stations will capture these “corridors”: Apapa, Agege, Agbado, Kajola, Papalanto, Abeokuta, Olodo, Omi-Adio and Ibadan. This is undoubtedly fantastic as this remarkable project connects three states strategically.
The new terminal of the Murtala Muhammed Airport, Lagos under construction by the China Civil Engineering Construction Corporation (CCECC) would be ready
FAAN to commission Lagos Airport new terminal next February
On
By Lawani Mikairu
Managing Director , Federal Airports Authority of Nigeria, FAAN , Captain Rabiu Yadudu yesterday said that the new terminal at the Murtala Muhammed Airport ,MMA , Lagos, currently under construction by the China Civil Engineering Construction Corporation (CCECC) will be commissioned by February 2021.
Captain Yadudu who disclosed this when the House Committee on Aviation visited the agency’s facilities at the Lagos Airport as part of its oversight function, also said in a bid to optimise its revenue generation, collection, reduce cost and promote efficiency, FAAN has promoted cashless policy and plugged some loopholes in the system.