The state government of Bauchi, Nigeria has signed a memorandum of understanding with a US-based construction company, C&C International to set up a new cement company in Gwana district in Alkaleri Local Government Area of the state. The new cement company, known as Bauchi-Gwana Cement Company in Alkaleri Local Government Area of the state, when operational, will be the second cement company in the Northeastern Nigeria,after Ashaka Cement company at Ashaka in Gombe State.
The company is to occupy 35 square kilometres that will accommodate its plant, a staff estate and social facilities. The project, which will be floated under the Public Private Partnership, will have a production capacity of 1,500,000 metric tons of cement annually, and that it would create job opportunities.
The PPP arrangement has a total cost of $250 million through direct funding and approximately $150 milion is allocated for construction, while the remaining will be used for the provision of infrastructure.
