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China Approves $254.76m Loan For Kano-Kaduna Railway Project

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2 years ago

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The China Development Ban (CDB) has approved a loan of $254.76 million (245 million euros) to support the construction of the 203-kilometer Kano-Kaduna standard-gauge railway in Nigeria.  

The railway, once completed, will provide direct rail connectivity between Kano and Abuja, enhancing transportation and promoting economic growth along the route. 
The project is part of Nigeria’s participation in the Belt and Road Initiative and is being constructed by the China Civil Engineering Construction Corporation (CCECC).  
The CDB noted that the railway project will create significant job opportunities and stimulate related industries. 
The bank also committed to ensuring the smooth disbursement of funds and the timely completion of the project in collaboration with Nigerian authorities.

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