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Stock impact report

Light rail line in Nigeria's capital opens to passengers [Reuters]

CHINA RLWAY CONS ADR (CWYCY) 
NASDAQ:AMEX Investor Relations: ir.chinafinanceonline.com
Company Research Source: Reuters
Light rail line in Nigeria's capital opens to passengers | Reuters 3 Min Read ABUJA (Reuters) - Nigeria has opened a new Chinese-built light railway network in the capital Abuja after 11 years of construction, a rare transport project in a nation where economic growth has been stymied for generations by a lack of infrastructure development. Passengers were permitted this week to ride the first phase of the Abuja light railway system, which connects the international airport with other parts of the city. Nigeria has the largest population in Africa and one of its biggest economies, but growth has for decades been stunted by its poor transport infrastructure. President Muhammadu Buhari, who officially opened the light rail system last week, took office in 2015 and hopes to secure a second term in an election next year. Improving infrastructure is a theme of his campaign. Many people who work in Nigeria’s capital live on the outskirts of Abuja or satellite towns, due to the high cost of Show less Read more
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