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Sovereign Wealth Funds Briefing - Categorized | Market

Consortium denies suspension of work on second Niger bridge

Posted on 29 April 2014

The preferred bidder for the development of the second River Niger Bridge Project, Julius Berger-NSIA Motorways Investment Company (JB-NMIC), has debunked some media reports suggesting that work on the bridge has been suspended due to non-compliance with environmental laws.
A statement jointly issued by the Managing Director of the Nigerian Sovereign Investment Authority (NSIA), otherwise known as Sovereign Wealth Fund (SWF), Mr. Uche Orji, and his Julius Berger counterpart, Wolfgang Goetsch, on behalf of JB-NMIC Consortium, said the reports represented ‘inaccurate and misconstrued information.’……………………………………….Full Article: Source


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