China wants to build the world a railway
The developing world is embarking on a massive infrastructure boom. And China wants to build it—and bankroll it.
On Thursday, Chinese officials announced the latest infrastructure megaproject—a $12 billion contract to build a railway stretching more than 850 miles (1,400 kilometers) along the coast of Nigeria.
It was China's single-biggest overseas contract, according to state media.
With its domestic economy cooling, China is investing heavily outside its borders in multibillion dollar infrastructure projects, launching new financing plans to help developing countries pay for them.
http://www.cnbc.com/id/102204779?trknav=homestack:topnews:9
who is andrew forest - next target 1.70, page-18
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.20 |
Change
0.080(0.50%) |
Mkt cap ! $49.87B | |||
| Open | High | Low | Value | Volume |
| $15.98 | $16.34 | $15.91 | $139.5M | 8.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70232 | $16.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.20 | 830 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |