RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Kaduna-Kano railway project: China Development Bank, new lender chosen by Nigeria

24/03/2025
Source : ORISHAS FINANCE
Categories: Sectors

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

After the withdrawal of China Exim Bank in 2020, Nigeria chose China Development Bank as the new financial backer of the Kaduna-Kano railway project.

The China Development Bank (CDB) has been selected as the financial backer of the Kaduna-Kano Railway Modernization Project. This project aims to improve rail interconnection in the regions of northern Nigeria. It is in fact part of a project started in 2006 to upgrade 2788 km of railways, with the reconfiguration of metric tracks into SGR and the construction of new sections. The objective is to mesh Nigerian territory and connect the north to the main ports located in South, with an extension planned to Maradi in

Niger.

The China Development Bank (CDB) replaces the China Exim Bank, which withdrew in 2020, delaying the implementation of this project aimed at improving rail interconnection in the regions of northern Nigeria. The plans call for the reconfiguration of the 203 km of rails into a standard gauge track (SGR

).
Provided by AWS Translate

0 COMMENTAIRE