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

EFCC Memo Alleges $5m Telecoms Fraud Involving Afreximbank, FCMB and Others

Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission...

Uba Sani, Ribadu, Shehu Sani Pay Condolence Visit to El-Rufai Family Amid Skepticism

…Isah Pantami Delivers Forgiveness Sermon, Calls for Unity in...

Toyin Abraham Unfollows Funke Akindele After Viral Moment at Movie Premiere

Nollywood actress Toyin Abraham has unfollowed fellow actress Funke...

Pope Leo XIV Warns Against Growing Inequality During Monaco Visit

Pope Leo XIV has criticised the widening gap between...

Bayelsa Creek Stakeholders Endorse Diri, Seek 2027 National Assembly Slot

Stakeholders from creek communities in Sagbama Local Government Area...

Youth Group Calls for Nationwide Protests, Urges Action on Political, Economic Challenges

The National Youth Alliance (NYA) has called for nationwide...

CACOL Criticises National Assembly Over Loan Approvals, Demands Transparency

The Centre for Anti-Corruption and Open Leadership (CACOL) has...

China, Pakistan Unveil Five-Point Initiative for Peace in Gulf and Middle East

China, Pakistan Unveil Five-Point Initiative for Peace in Gulf...

Wike Targets May Completion of Abuja Road Projects for Tinubu’s Anniversary

By Joyce Remi BabayejuThe Minister of the Federal Capital...

NIPSS, NTDA to Partner on Advancing Nigeria’s Tourism Sector

By Joyce Remi BabayejuParticipants of the Senior Executive Course...

CS SUNN Congratulates Nasarawa State Over Approval of Six Months Paid Maternity Leave

By Joyce Remi- BabayejuIn a significant milestone in maternal...

Bayelsa Creek Stakeholders Endorse Diri, Seek 2027 National Assembly Slot

Stakeholders from creek communities in Sagbama Local Government Area...

Kogi Awards Contract for 9km Dualisation of Airport Road

From Noah Ocheni, LokojaThe Kogi State Government has approved...

Related Articles

Popular Categories

spot_imgspot_img