The China Development Bank (CDB) has granted a loan of 245 million euros ($254.76 million) for the construction of the Kano-Kaduna railway project in Nigeria.
The Kano-Kaduna railway, which is a total length of 203 kilometres, is a standard-gauge railway, once completed, will provide direct rail connectivity between Kano and Abuja.
This railway will also promote the development of related industries along the route. The construction of the project will bring forth abundant job opportunities in Nigeria.
“The Kano-Kaduna railway project has been added in the list of practical cooperation projects for the Third Belt and Road Forum for International Cooperation,” the statement partly said.
It was stated by the he CDB that in the next phase, it will work closely with the Nigerian side to ensure the continued disbursement of loans and effectively manage the completion of the work.