Sunday, January 17, 2021
Home > Business > Mota-Engil to build $2bn rail line between Nigeria and Niger

Mota-Engil to build $2bn rail line between Nigeria and Niger

image_pdfimage_print

The $1.96bn deal Sees Mota-Engil building a single-track, standard-gauge line with 12 stations from Kano in northern Nigeria to Maradi in the south of landlocked Niger.

The line will give Niger access to Nigeria’s rail network and thus to Nigerian ports.

The news came in a tweet from Rotimi Amaechi, Nigeria’s transportation minister. In it he said: “Today, we signed the contract documents for the commencement of the Kano-Maradi, Kano-Dutse railway project.”

Minister Amaechi  said Mota-Engil will also build a university in Nigeria as a corporate social responsibility component of the deal.

International Railway Journal reports that the funding for the railway was organised by the KFW-IPEX Bank, the Africa Finance Corporation and Credit Suisse, and was approved by Nigeria’s Federal Executive Council in September.

Share Button
Pls SUBSCRIBE below to our Youtube channel and mailing list to get fresh updates on money making and inspiring videos and articles.
READ  Disbursements to commence next week to 80,000 Nigerians applied for (CBN)’s N50 billion Credit Facility
Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
http://www.money247.com.ng

Leave a Reply

Your email address will not be published. Required fields are marked *