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Solel Boneh to pave roads in Nigeria
Israeli construction company wins $60-million tender to renovate roads in African country
Solel Boneh International Ltd. has won two tenders by the Nigerian government to pave roads for the total sum of $60 million.
The contracts, according to which main roads in south-west Nigeria will be renovated by a Solel Boneh daughter company, are expected to be signed next month.
The projects will include the renovation of the Lagos-Benin expressway over a two year period for $52 million, and the construction of a separation wall between lanes and the renovation of an 80 km (49 miles) highway section.
This is the seventh African government infrastructure tender the company has won from the start of 2006.
Two weeks ago, the company announced winning a Uganda tender to pave a 100 km (62 miles) road at the price of $81 million.
At the end of 2006, the company won a tender for paving a road in Nigeria for $270 million and in June won three construction and infrastructure tenders in Kenya, Uganda, and Nigera totaling $220 million.
Solel Boneh International Ltd. is the Housing & Construction Holding Co.'s international wing and deals with civil engineering, construction and development of buildings and infrastructure projects.
The company operates mainly in west and east Africa, Central America and Europe.
