Project ID: 93223

China Export-Import Bank pledges $1,573,213,233 for Kano Metro Light Rail Project

Pledged amount

$ 1857657278.1355996

Adjusted pledged amount

$ 1857657278.1355996

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Nigeria

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-01-01

Description

The China Export-Import Bank pledges to shoulder 85% of the financial size of the Kano Metro Light Rail Project. This project was approved by the Nigerian State House of Assembly on October 10th, 2016 for a total cost of $1,850,839,098. 85% of this project cost is $1,573,213,233. The federal government then recommended Phase 1 of the project begin. Phase 1 consists of a light rail from Dawanau Grains Market to Bata and was expected to be completed within 20 months. China Railway Construction Corporation is responsible for this implementation. The consortium of China Railway 18th Bureau Group and China Railway Construction Electrification Bureau Group will construct Phase 1 and Phase 2 of the network. The total network is expected to have a length of 74.3 km and a maximum design speed of 100 km/hour. Upon completion, this light rail network is expected to reach Janguza-Bata, Jogana-Bata, Dawanau-Bata and Kwanar Dawaki-Bata routes in Kano. The exact implementation timeline of this project is unknown. The financial details are also unknown.

Additional details

The commitment date of this project is unclear. As of now, AidData estimates the commitment year to be 2016, which is when this project was approved by the recipient.

Number of official sources

0

Number of total sources

15

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Nigeria [Government Agency]

Implementing agencies [Type]

China Railway Construction Corporation (CRCC) [State-owned Company]

China Railway 18th Bureau Group Co. Ltd. [State-owned Company]

Loan Details

Bilateral loan

Export buyer's credit

Investment project loan