Alhaji Umaru Kwairanga, chairman of the board of Ashaka Cement says, ”Having secured sufficient limestone and coal reserves to support the plant, contracts have been signed with the main equipment and engineering suppliers.”In addition, the company has secured credit facilities worth US$308mn for the cement plant, and generated cash flows internally. To ensure timely delivery of the project, a detailed design of the equipment and mobilisation of materials have also commenced, the chairman added.
Lafarge officials stated that the company has also committed to deploying global expertise in procuring and constructing the cement plant at the earliest.
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