China Development Bank Approves $254M Loan for Kano-Kaduna Railway Project
The China Development Bank has approved a $254.76m loan to support the Kano-Kaduna railway project in Nigeria. The loan will be used to finance the construction of the railway, which is expected to improve transportation infrastructure in the region.
The China Development Bank has announced approval of a $254.76 million loan to support the Kano-Kaduna railway project in Nigeria. This significant financial backing is aimed at boosting the development of the 351-kilometer railway line, which will play a crucial role in improving connectivity and economic growth in the region. The loan is part of China's growing investment efforts in Africa, where the country has been actively involved in large-scale infrastructure projects. The successful completion of this project will be a major milestone for Nigeria's transportation sector.
