Kano-Kaduna railway project gets $254.76m China bank loan approval

Kano-Kaduna railway project gets $254.76m China bank loan approval

The China Development Bank (CDB) has approved a loan of $254.76 million (€245 million) for the Kano-Kaduna railway project in Nigeria.

According to information on the bank’s website, the funding is expected to provide crucial financial support for the ongoing development of the railway, ensuring the project proceeds without delays.

The Kano-Kaduna railway is a standard-gauge line spanning 203 kilometres, designed to connect Kano, a major commercial hub in northern Nigeria, to the nation’s capital, Abuja.

Once completed, the railway will offer residents a safe, efficient, and convenient transportation alternative, significantly enhancing regional connectivity.

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Beyond improved mobility, the railway project is expected to stimulate economic activity along its route.

It is also designed to promote the growth of related industries and generate numerous job opportunities for Nigerians during both the construction and operational phases.

The project has been highlighted as a key initiative under the Third Belt and Road Forum for International Cooperation.

It is being executed by the China Civil Engineering Construction Corporation (CCECC), with financing provided by the CDB.

According to the bank, construction is progressing smoothly.

The CDB emphasised its commitment to continued collaboration with the Nigerian government to ensure the timely disbursement of funds and effective management of subsequent phases of the project.

The bank stated, “Going forward, it will closely coordinate with Nigerian partners to ensure the smooth disbursement of subsequent loans and effective post-loan management.”

 

Kano-Kaduna railway project gets $254.76m China bank loan approval