Solel Boneh Int'l wins $210m Nigeria bridge contact

The Shikun u'Binui unit will build a bridge and access roads over the Benue River.

Shikun u'Binui Holdings Ltd. (TASE: SKBN) international contracting arm Solel Boneh International Ltd. has won a $210 million bridge contract in Nigeria. The company will build a 2.1-kilometer bridge over the Benue River and build 22 kilometer access roads for the four-lane dual carriageway in eastern Nigeria. Construction will take three years.

Solel Boneh International has won several road building contracts in Nigeria and other countries in Africa.

Shikun u'Binui is a subsidiary of Shari Arison's Arison Holdings Ltd.. Shikun u'Binui's share price was unchanged at NIS 6.36 in early trading on the TASE today, giving a market cap of NIS 2.7 billion.

Published by Globes [online], Israel business news - - on December 14, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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