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
Project lifecycle
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
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]