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

FG Doubles January Bond Borrowing to N900bn

The Federal Government has announced plans to significantly increase...

National Security: Interior, Defence Ministries Call for Deeper Military–Paramilitary Synergy

By Francis WilfredThe Federal Government has reiterated its commitment...

FG Opens Applications for 2026 Overseas Scholarships

The Federal Government has opened applications for the 2026...

Criminalize Fuel Scooping, NOA Boss Urges Legislators

By Joyce Remi-BabayejuThe Director General of the National Orientation...

ADC Kaduna Crisis: Party Says No “Coalition Publicity Secretary” Position Exists

By Achadu Gabriel, KadunaThe African Democratic Congress (ADC), Kaduna...

Alleged N4tr debts: 1,000 CSOs back local contractors protest against FG

***demand resignation of Finance Minister, Uzoka-AniteNo fewer than one...

Electricity Sector: Consumers Decry Alleged Rights Abuses, Cite KAEDCO as Example

By Achadu Gabriel, KadunaConcerns are mounting over what critics...

NSCDC: A Force for Security or a Source of Corruption?

The tenure of Ahmed Abubakar Audi as Commandant General...

CVR: Oborevwori, Stakeholders Lament Low Turnout, Call for Massive Grassroots Mobilisation in Delta

By Anne AzukaDelta State Governor, Sheriff Oborevwori, has expressed...

Bayelsa Community Apprehends Bricklayer Over Alleged Defilement of 12-Year-Old Stepdaughter

Residents of Obunagha Community in Yenagoa Local Government Area...

Abia Labour Party Warns APC Against ‘Backdoor’ Power Grab

By Okechukwu Keshi UkegbuThe Labour Party (LP) in Abia...

Police Headquarters Confirms Kaduna Church Worshippers’ Kidnapping

…IGP orders full deployment of intelligence and operational assetsBy...

Related Articles

Popular Categories

spot_imgspot_img