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Nigeria Secures $1.3bn Funding For Rail Link To Niger Republic - Politics - Nairaland

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Nigeria Secures $1.3bn Funding For Rail Link To Niger Republic by oloyedprince1(m): 12:18pm On Mar 15
Nigeria has secured $1.3 billion in funding to complete a railway project connecting Kano, the largest city in the north, to Maradi in neighbouring Niger, the transport ministry said on Wednesday.

The railway line will build on existing economic and social ties to boost trade and cultural cooperation between the two countries.
Funding will come from a consortium led by the China Civil Engineering Construction Company (CCECC), which will contribute 85% of the total, the transport ministry said in a statement.

The remaining 15% will be covered by the Nigerian government alongside institutions like the Africa Export-Import Bank and African Development Bank.

https://businessday.ng/news/article/nigeria-secures-1-3bn-funding-for-rail-link-to-niger-republic/?utm_source=substack&utm_medium=email

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