Nigeria secures a $255 million loan from China Development Bank for the Kaduna-Kano railway project. This financial boost will aid the construction of a 203-kilometer rail line connecting Kaduna and Kano, part of Nigeria's infrastructure modernization, with significant economic and logistical benefits for the region.
The Nigerian government has secured a $255 million loan from the China Development Bank (CDB) to fund the construction of the Kaduna-Kano railway project. The first tranche of this loan will provide essential financial support for the project, which is part of the broader Belt and Road Initiative. The railway, spanning 203 kilometers, aims to establish a direct rail link between Kaduna and Kano, enhancing transportation and economic connectivity in the region.
The project has been progressing steadily, with CDB expressing its commitment to coordinating with Nigerian authorities for the timely disbursement of subsequent loan tranches and ensuring effective post-loan management. The Kaduna-Kano railway is a significant infrastructure development in Nigeria, aimed at improving logistics, trade, and movement across the northern states. The CDB's support for this initiative reinforces its role in facilitating global infrastructure projects under the Belt and Road Forum's framework.
Completion of the railway will provide a much-needed transportation corridor, which is expected to boost regional economic integration and create more job opportunities. Nigeria’s partnership with China continues to play a vital role in advancing the country’s infrastructure development agenda. The project is a major step toward modernizing Nigeria’s transport network and enhancing connectivity within the country.
