Some experts lamented that China is taking advantage of the ailing state of the Nigerian economy to provide infrastructure loans, which do not come in cash but as projects executed by Chinese consortium and personnel.
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CHINA UNVEILS TRACK-LESS TRAIN THAT RUNS ON VIRTUAL RAILWAYS (PICTURES AND VIDEO)
FG SEEKS $5.85BN FROM CHINA FOR RAILWAY PROJECTS
President Muhammadu Buhari is seeking approval from the National Assembly for a proposal to borrow $5.85bn from China to modernise the country’s rail network.
Continue reading »CHINA TO CONSTRUCT $1.85BN LIGHT RAIL IN KANO
China Railway Construction Corporation says it has won a $1.851 billion contract to construct the Kano city light rail. In a special announcement in Monday, the company said its directors had received a provisional letter of award from Nigeria. The rail, with a total length of 74.3 kilometres, is expected to travel at a speed of 100 kilometres per hour.
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