Bloomberg News

China, Nigeria Spend $629 Million on Abuja to Kaduna Railway

July 27, 2011

July 27 (Bloomberg) -- China and Nigeria have spent $629 million on the construction of a rail line linking the capital, Abuja, to the northern city of Kaduna, Nigeria’s Transport Ministry said today in an e-mailed statement.

The Export-Import Bank of China provided $500 million in concessionary loans for the $850 million project being built by the China Civil Engineering and Construction Co., according to the statement. Nigeria has contributed $129 million and will provide for the remaining costs until completion in 2014, it added.

To contact the reporter on this story: Elisha Bala-Gbogbo in Abuja at ebalagbogbo@bloomberg.net

To contact the editor responsible for this story: Dulue Mbachu at dmbachu@bloomberg.net


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