The Nigerian authorities has secured the approval of $254.76 million mortgage from China Improvement Financial institution (CDB) to fund the development of 203 kilometers Kano-Kaduna railway challenge.

Saying the approval of the mortgage in an announcement not too long ago, the financial institution famous that the challenge, as soon as accomplished, will present direct rail connectivity between Kano and the nation’s capital Abuja, providing residents a secure, environment friendly, and handy mode of transportation, China Day by day reported Wednesday.

The Kano-Kaduna railway challenge was first launched by former president Muhammadu Buhari in July 2021 in Kano state, as a section of the Lagos – Kano railway modernization challenge.

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In line with the financial institution, the Kano-Kaduna railway challenge which is being constructed by China Civil Engineering Development Company, has been included within the record of sensible cooperation tasks for the Third Belt and Street Discussion board for Worldwide Cooperation.

“This railway will even promote the event of associated industries alongside the route. The development and operation of the challenge will create quite a few job alternatives in Nigeria.

“Presently, the challenge is progressing easily. The subsequent part, CDB will work carefully with the Nigerian aspect to make sure the continued disbursement of loans and successfully handle following work,” it acknowledged.