NIGERIA’S LAGOS-KANO RAILWAY
Posted on 05 February 2010 by Railways Africa Editor
On 21 January, Nigerian Federal Government officials met the a delegation from China’s EXIM Bank, which has agreed to a “concessional” loan of $US500 million towards financing rebuilding on the 1,128km Lagos-Kano railway. According to finance minister Dr Mansur Muhtar, Nigeria has met all conditions which included provision of counterpart funding, submission of a feasibility report, environmental impact assessment and contract agreement.
It is hoped to start on the first phase of the project during February.
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