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The China Development Bank (CDB) has approved a $254.76 million loan to support the construction of the Kano-Kaduna railway project in Nigeria.
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The Kano-Kaduna railway spans a total of 203 kilometers and is designed as a standard-gauge railway.
The China Development Bank (CDB) has approved a $254.76 million loan to support the construction of the Kano-Kaduna railway project in Nigeria.
In a statement released on Tuesday, the bank said the funding would facilitate the smooth implementation of the infrastructure project.
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According to the CDB, “The Kano-Kaduna railway spans a total of 203 kilometers and is designed as a standard-gauge railway. Upon completion, it will establish a direct rail link between Kano, a key city in northern Nigeria, and the capital, Abuja, providing residents with a safe, efficient, and convenient transportation option.”
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The bank highlighted that the project is expected to drive economic development along the railway corridor, generate employment opportunities, and boost related industries.
The CDB also stated that the Kano-Kaduna railway project is part of the practical cooperation initiatives under the Third Belt and Road Forum for International Cooperation.
Tinubu Assures Completion of Ibadan-Abuja-Kaduna-Kano Railway Project
President Bola Tinubu has assured that the Ibadan-Abuja-Kaduna-Kano railway project will be completed to the satisfaction of Nigeria and West Africa.
During a visit to the China Railway Construction Corporation (CRCC) headquarters in Beijing, Tinubu acknowledged the company’s role as a reliable partner in Nigeria’s infrastructure development programme.
