China Development Bank has released a $254.76 million loan to Nigeria for a railway project linking the two northern states of Kano and Kaduna, the bank said, ahead of a visit to the West African country by China's top diplomat this week.

Editor's Note: By the end of last year, China has 48,000 kilometers of high-speed rail out of total 162,000 kilometers railway network. According to the national railway operator, the country aims to expand its high-speed rail network to 60,000 km by 2030. What followed are a series of milestones in China's high-speed railway development.

The China Development Bank has announced a $254.76 million loan to Nigeria for the construction of a railway project. China’s involvement in Nigeria’s railway modernization program is part of its broader Belt and Road Initiative.

China Development Bank has released a $254.76 million loan to Nigeria for a railway project linking the two northern states of Kano and Kaduna, the bank said, ahead of a visit to the West African country by China's top diplomat this week.

Editor's Note: By the end of last year, China has 48,000 kilometers of high-speed rail out of total 162,000 kilometers railway network. According to the national railway operator, the country aims to expand its high-speed rail network to 60,000 km by 2030. What followed are a series of milestones in China's high-speed railway development.

China Development Bank, CDB, has approved the first tranche of a $255 million loan for the Nigerian government’s Kaduna-Kano railway project. This was disclosed in a statement by CDB on Tuesday. The loan,