US $3.9bn FOR CONSTRUCTION OF ABUJA-ITAKPE RAILWAY.

US $3.9bn FOR CONSTRUCTION OF ABUJA-ITAKPE RAILWAY.

Minister of Transportation Rotimi Amaechi signs a US $3.9bn deal with China Railway Construction Corporation (CRCC) for construction of Abuja-Itakpe railway.

The public private partnership will consist of 15% Nigerian equity, 10% CRCC equity and 75% borrowed  SPV from the Chinese Bank.

“The signing ceremony that we had today is

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