Africa Business News
China to Refinance Abuja-Kano, Port-Harcourt-Maiduguri Railways
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:01:02
- Mais informações
Informações:
Sinopse
The People’s Republic of China has indicated its readiness to refinance and complete the Abuja-Kano, and Port-Harcourt-Maiduguri railway projects following a request by President Bola Tinubu. He says China had agreed to provide 85 per cent financing for the construction of the Abuja-Kano and Port-Harcourt-Maiduguri railway projects, while Nigeria which had the duty of paying the balance 15% paid its part of the funding from the inception of the project through appropriations. He stated that the crucial infrastructure also termed a legacy project has the China Civil Engineering Construction Corporation as the contractor named to execute the project.