17 Feb German banks, EU agencies to fund Kano-Maradi railway
The Nigerian government has attracted funding from the German state bank, KfW, and European export credit agencies for the construction of the 283km Kano-Maradi rail line, the Nigerian Ambassador to Germany, Yusuf Tugar, has said.
According to him, “The Federal Government has attracted funding from the German state bank KfW, European export credit agencies and Africa Finance in a venture that will see Mota-Engil constructing the 283km line connecting Kano with Maradi in Niger Republic,” he said.
He said the project was meant to stimulate the local economy along the communities connected by the rail line.
“The rail line will also cover other cities such as Danbatta, Kazaure, Daura, Mashi, Katsina and Jibiya.
“This rail project is expected to boost commerce in the region and aid in establishing Nigeria as an export hub” he added.
He said the APC administration “is investing in vital infrastructure projects that are not only engendering economic development but also improving overall human indices in Nigeria”.
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