x

China Bank Approves $254M Loan for Kano-Kaduna Railway Project

By   Milcah   Tanimu

The China Development Bank (CDB) has approved a $254.76 million loan to fund the Kano-Kaduna railway project in Nigeria. The loan, announced on Tuesday, will help accelerate the construction of the 203-kilometer railway that will connect Kano and Abuja. This new rail line will provide a safer and more efficient transport option for local residents.

The China Civil Engineering Construction Corporation (CCECC) manages the construction, with financial backing from CDB. Once finished, the railway will enhance mobility between Kano, a major northern city, and Abuja, Nigeria’s capital. The project will also stimulate economic growth and create jobs along the route.

The Kano-Kaduna railway is part of the larger Lagos-Kano standard gauge railway modernization project. The first two segments—the Abuja-Kaduna and Lagos-Ibadan sections—began commercial operations in 2016 and 2021, respectively.

CDB highlighted that the project supports the objectives of the Third Belt and Road Forum for International Cooperation, showcasing China’s ongoing commitment to Nigeria’s infrastructure development. With the loan approved, construction continues, and future project phases are progressing smoothly.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Military Neutralizes Bandit, Arrests Gunrunner, Recovers Arms in Plateau

By Israel Adamu, Jos Troops of the 3 Division and...

MDCAN Backs NMA’s 21-Day Ultimatum to FG Over Controversial Circular

By Israel Adamu, Jos The Medical and Dental Consultants Association...

Falgore Pledges Stronger Legislative Commitment to Reducing Road Crashes

By Jabiru Hassan The Speaker of the Kano State House...

Kaduna Strengthens Community-Driven Response to Climate Shocks

...Unveils Engagement Framework at High-Level Dissemination Event By Achadu Gabriel,...

KDSG to Refund Buyers of Revoked Institutional Houses Starting Monday

By Achadu Gabriel, Kaduna The Kaduna State Government (KDSG) has...

Army Chief to Uba Sani: ‘You Have Made Kaduna Safer’

By Achadu Gabriel, Kaduna The Chief of Army Staff, Lt....

Mass Defection to APC: Ododo’s Performance Yielding Results in Kogi

By Noah Ocheni, Lokoja In a significant political development, thousands...
spot_img

Related Articles

Popular Categories

spot_imgspot_img