The China Development Bank (CDB) has approved a €245 million ($254.76 million) loan to support Nigeria’s Kano-Kaduna railway project, a key infrastructure initiative under the Belt and Road framework.
In a statement published on its website Tuesday, the CDB said, “The bank has recently granted a loan of €245 million to the Kano-Kaduna railway project in Nigeria, providing financial support for the smooth progress of the project.”
The 203-kilometre standard-gauge railway will connect Kano, a major northern commercial hub, to the nation’s capital, Abuja. The project aims to enhance regional connectivity, ease transportation challenges, and spur economic development along its corridor.
Construction is being handled by the China Civil Engineering Construction Corporation (CCECC), with CDB financing the initiative after replacing the China Exim Bank, which initially withdrew from the project.
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