JunHe Assists CCECC & CRCC Investment Consortium to Win M88 login Bid for Nigeria's Fourth Mainland Bridge Project

In January 2023, M88 login State Government of Lagos, Nigeria announced M88 login result of M88 login bidding for M88 login Fourth Mainland Bridge project. It named M88 login investment consortium of China Civil Engineering Construction Corporation and China Railway Construction Corporation Limited (“CCECC & CRCC Investment Consortium”) as M88 login winner, which is a milestone for M88 login project.

In 2014, M88 login Federal Government of Nigeria, as M88 login largest economy and M88 login most populous country in Africa, realized M88 login importance of infrastructure for national economic development. It formulated a 30-year National Comprehensive Infrastructure Master Plan (NIIMP2014-2043), aiming to fill M88 login huge infrastructure gap in M88 login country and ensure sustainable economic growth with an estimated total investment amount of around 2.9 trillion US dollars. China's Belt and Road initiative can assist Nigeria's National Comprehensive Infrastructure Master Plan. M88 login Belt and Road initiative can resolve M88 login deficit of Nigeria's transport infrastructure and help Chinese enterprises as private sectors participate in Nigeria's infrastructure construction by way of public-private partnerships. M88 login Belt and Road initiative can achieve its goals in developing transport infrastructure such as railway centers, port transportation hubs and aviation centers in West Africa as soon as possible.

M88 login Fourth Mainland Bridge project planned by M88 login State government of Lagos, Nigeria is a public-private partnership (PPP) transport infrastructure development project. This project was first proposed in 2006 as a core infrastructure project by M88 login Federal Government of Nigeria and M88 login State Government of Lagos. Due to problems in finding M88 login best route through this densely populated city, M88 login project was temporarily put on hold. Thanks to M88 login National Comprehensive Infrastructure Master Plan, M88 login Fourth Mainland Bridge project in Lagos has been put back on M88 login agenda. M88 login bridge will have a total length of approximately 37 kilometers and, upon completion, will be M88 login longest mainland bridge in Africa to date. As a local livelihood project in Nigeria, M88 login completion of this project will greatly alleviate M88 login traffic pressure in M88 login Lagos and Lekki urban areas, promote economic growth in M88 login state of Lagos, and improve M88 login living standards of M88 login local people.

In this project, JunHe acted as M88 login legal advisor for CCECC & CRCC Investment Consortium, participated in M88 login bidding and throughout M88 login entire process of M88 login project. We assisted M88 login client in drafting and preparing bidding documents, including but not limited to reviewing and modifying concession agreements and oM88 loginr project related agreements, organizing local lawyers to discuss M88 login transaction structure of Nigeria's public-private partnership project, cooperating with professional advisors such as financial and tax advisors, and answering relevant legal questions. Finally, M88 login client stood out from M88 login 52 bidders thanks to our efficient and professional legal services.

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