InvestorsHub Logo
Followers 4
Posts 34
Boards Moderated 0
Alias Born 03/21/2014

Re: None

Friday, 01/09/2015 3:30:19 PM

Friday, January 09, 2015 3:30:19 PM

Post# of 51045
Recent Chinese press releases (one in Chinese and one in French). These are the translations of the news articles. I've included links to the originals.

Source: http://bank.cnfol.com/waiziyinhang/20150107/19863978.shtml
Niger's Ministry of transport and public transport vehicles updated African International Bank signed cooperation agreement

Author: Wang Wei 2015-01-07 13:37:51
On January 2, Niger's Transport Minister Saidou and African International Bank (BIA) General Manager mohanmodu signed the national public transport vehicles updated cooperation agreements.

Saidou said at the signing ceremony, Minister, this item totaled 235 billion West African francs (about 470 million US dollars), plans to purchase 1500 road tractor, 1500 tractor semi-trailer towing vehicle, 520 cars, 180 buses, 300 and 1000 trucks a taxi waiting for a total of 5,000 vehicles, to improve passenger and cargo transport capacity and ensure sustained development. Says, major public transport vehicles are over 20 years old, a worse aging, not only cause traffic accidents, increased passenger and freight transport costs, but also become a major source of air pollution. Racing also said that this project is the Nigerian Government against overloading of vehicles, to protect highway infrastructure and an important measure to enhance the modernization of the industry.

African International Bank General Manager mohanmodu said at the signing ceremony, Niger as a landlocked country, distance to the nearest port for more than 1000 km, road transport is vital to national economic development. He also said that the EU's support for the project, will make the project more attractive partner.


Source: http://french.cri.cn/621/2015/01/05/602s416412.htm
Niger renews its fleet for better competitiveness of the economy
2015-01-05 6:50:44 p.m. xinhua
The Nigerian government, with the aim of ensuring better competitiveness to its economy, has launched a fleet renewal campaign for public transport vehicles across the country.
The Convention on the operation, whose cost is estimated at about 235 billion FCFA was signed at the weekend between the Nigerian Minister of Transport, Saley Saidou, and the Director General of the International Bank for Africa ( BIA), Mahamadou Ouhoumoudou, as part of a partnership between the two institutions.

The project, initiated in 2013 by the Ministry of Transport with the institutional support of the 10th EDF road program, the result of a finding of the age of the vehicle fleet transport of goods and the affected public passenger transport.

The objective is to improve the competitiveness of road transport activities of goods and hydrocarbons, and the quality of services for passenger transport.

It is envisaged the acquisition of 5,000 new vehicles with 1,500 tractors, 1,500 trailers, 520 minibuses, 180 buses / coaches, 300 straight trucks and 1,000 taxis purpose vehicles.

In Niger, according to Mr. Saidou, "the average age of tractors is estimated at 23 years, the trailers to 29 and that of trucks to 25 years."

"The aging fleet is due to traffic accidents, increased transportation costs and pollution source," he explained.

In addition, according to a study by the United Nations Environment Programme (UNEP), the transport sector contributes around 37% of greenhouse gas emissions. Cars are large air pollution sources in cities.

Niger is a landlocked country whose nearest port is Cotonou (Benin) which is more than 1 000 km.