The company is building an expressway in Eastern Nigeria
Shikun u'Binui Holdings Ltd. (TASE: SKBN) unit Solel Boneh International Ltd. has signed an agreement with the Nigerian government expand the Eket-Port Harcourt expressway project in eastern Nigeria. The additional work adds $190 million to the original project, bringing the total project to $420 million.
Solel Boneh will widen and upgrade the road into an expressway and build a bridge over the Imo River. The project will be carried out through 2013.
Solel Boneh has a number of ongoing road contracts with the Nigerian government, including a four-year $290 million project widen and upgrade the 52-kilometer road between Ibadan and Ilorin in southwest Nigeria.
Published by Globes [online], Israel business news - www.globes-online.com - on July 13, 2011
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