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.Pls SUBSCRIBE below to our Youtube channel and mailing list to get fresh updates on money making and inspiring videos and articles.