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

NYA Urges Youths to Defend Democracy Amid Nigeria’s Challenges

The National Youth Alliance (NYA) has called on young...

The Unending Killings in the Northern Part of Nigeria

By Abu Jemimah LamiAddressing the unending killings...

Guardian Petitions Police Over Disappearance of 14-Year-Old in Katsina

A guardian has petitioned the Nigeria Police Force in...

‘I’m Now Doubtful About Joining Politics’ – Davido

Nigerian music star, Davido, has expressed growing doubts about...

ADC Crisis Deepens as Gombe-Led Faction Protests at INEC Headquarters

The leadership crisis within the African Democratic Congress (ADC)...

IMF Plans Up to $50bn Support for Economies Hit by Middle East Conflict

The International Monetary Fund (IMF) says it may provide...

UNIJOS Confirms Death of Two Students in Jos Violence

The Vice-Chancellor of the University of Jos, Tanko Ishaya,...

EFCC Arrests Alleged Fake Football Agent Over N11m Fraud

By Francis WilfredThe Economic and Financial Crimes Commission...

KEDCO Commissions 11kV Feeder to Boost Industrial Power Supply in Kano

The Kano Electricity Distribution Company (KEDCO) has commissioned an...

Delta Government Highlights Infrastructure Push as Driver of Growth and Stability

The Delta State Government says its ongoing infrastructure development...

Delta Partners Energy Firms to Improve Power Supply, Targets Expanded Electricity Access

Delta State Governor Sheriff Oborevwori has reaffirmed plans to...

Related Articles

Popular Categories

spot_imgspot_img