HomeBusiness & EconomyKano-Kaduna Railway: Chinese Bank Approves $254.76M LOAN

Kano-Kaduna Railway: Chinese Bank Approves $254.76M LOAN

The China Development Bank has announced the approval of a TWO HUNDRD ND FIFTY FOUR MILLION DOLLAR loan to support the Kano-Kaduna railway project in Nigeria.

According to information released on its website on Tuesday, the financial backing is expected to ensure the seamless continuation of the construction work.”

The railway, a standard-gauge line stretching 203 kilometres, will link Kano, a key commercial city in northern Nigeria, to the nation’s capital, Abuja.

Once operational, it will provide residents with a safer and more efficient mode of transport, improving regional connectivity.

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