The Federal Government has approved USD 1.2 billion for the construction of the Kano-Kaduna standard gauge railway project. According to the News Agency of Nigeria (NAN), Minister of Transport, Rotimi Amaechi, said the Federal Government was negotiating with China’s EXIM bank to finance the project.
“We are negotiating with China EXIM bank and we are convinced that this negotiation will end by June,” he said. The minister said the government would provide about 100 locomotives for the narrow gauge rail that would run through Lagos, Kano, Port Harcourt, Funtua and Gombe to improve the economy.
“Before the end of June, Lagos-Kano narrow gauge rail would have more locomotives that would run through Lagos, Port Harcourt, Funtua, Kano and Gombe states in order to boost the economy,” Amaechi said.
The Transport Minister said the state government recently signed a USD 1.8 billion Memorandum of Understanding (MoU) with China Railway Construction Corporation (CRRC) to construct light rail in the Kano State, highlighting that the light rail project would give the state a mega city, similar to other cities across the world.