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Overview

China Eximbank pledges $1.35 billion loan for Kaduna-Kano Section of the Lagos-Kano Railway Modernization Project (Linked to Record ID 102671, #1844, #60848, and #195)

Commitments (Constant USD, 2023)$1,442,432,255
Commitment Year•2017Country of Activity•NigeriaDirect Recipient Country of Incorporation•NigeriaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2017

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Nigeria

Implementing agencies

State-owned companies

  • China Civil Engineering Construction Corporation (CCECC)

Loan desecription

China Eximbank pledges $1.35 billion loan for Kaduna-Kano Section of the Lagos-Kano Railway Modernization Project (Linked to Record ID 102671, #1844, #60848, and #195)

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2017, Nigeria’s Minister of Transportation, Chibuike Rotimi Amaechi, appeared before the country’s Senate Committee on Local and Foreign Debts and announced that the Government of Nigeria would obtain a $1,355,508,426.60 loan from China Eximbank for the Kaduna-Kano Section of the Lagos-Kano Railway Modernization Project. The total cost of the project was to be $1,685,319,085. The Nigerian Federal Government's contribution was to be $329,810,658.40. However, China Eximbank withdrew from funding the railway in 2020, citing concerns over repayment and the Covid-19 pandemic. China Development Bank later approved funding for the project in 2025. (captured in Record #102671). This project involves the modernization of a 305 km railway segment from Kaduna to Kano. This China Civil Engineering Construction Company (CCECC) is the contractor responsible for implementation. This project began implementation on July 22, 2020. Phase 1 and Phase 2 of the Lagos-Kano Railway Modernization Project are captured in Record ID#195 and Record ID#60848, respectively.

Staff comments

1. This project is also known as Phase 3a of the Lagos-Kano Railway Modernization Project or Segment 3a of the Lagos-Kano Railway Modernization Project. 2. Funding was never fully committed or disbursed by China Eximbank; therefore, this project is status-coded as Pipeline: Pledge despite the commencement of construction.