CARSON CITY, Nev., Aug. 23, 2022 (GLOBE NEWSWIRE) -- Zicix Corporation’s (OTC Pink: ZICX) operating company, CTIP First Investment, Inc. (CTIP-FII), has accepted an award for the $300 million road project planned to be built in Liberia. The project will span more than 200 kilometers and connect the cities of Buchanan, Cestos, and Greenville to greatly reduce travel time and transportation costs for the coastal highway.
The project was approved by Zicix Chairman William Petty and will be developed by CTIP-FII in conjunction with AIC Progetti, SpA, an engineering consulting firm based in Rome, rated by ENR as one of the largest engineering companies in the world. AIC Progetti has completed two comprehensive feasibility studies for the road project.
The public road project is briefly described as follows:
Buchanan, Grand Bassa County to Cestos City, Rivercess County- 88.5 km
Cestos City, Rivercess County to Greenville City, Sinoe County- 150 km
Greenville City, Sinoe County through Jedepo, Sinoe County to Combat Gate, River Gee County and by way of Punes Town, Grand Gedeh County- Distance TBD
The proposed route covers about 238 km, with an additional distance to be determined at a later date. The estimated project cost for the first two stretches of highway will be approximately $318 million.
Currently under construction is the road from Buchanan to Greenville, with an additional road to Cestos City. The remaining highway portions will begin development soon. Once completed, the public will benefit from the reduced travel time as well as the ease of transport for goods to different provinces and municipalities in the southeast region of Liberia.
About the Corporations:
Zicix Corporation (OTC Pink: ZICX) Originally founded as a service provider to the Healthcare industry, the Zicix Corporation has recently been restructured with the intention of acquiring and developing technology applications designed for service companies in consumer, retail and other industries.
CTIP First Investment, Inc. (CTIP-FII) is a private investment and project development company, involved in undertaking development projects for both the Government and the Private Sectors respectively. CTIP-FII designs and brings the right financial engineering to project owners and creditors to fund development undertakings and permanent mortgage. www.ctip-fii.com
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
For additional information, follow us on Twitter @ZICIXCorp or call 830.331.0031 and visit http://www.ctip-fii.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d17c4ab9-715e-492e-9d24-ef17ed59add8
