The Federal Government will soon receive a $255 million loan from the China Development Bank (CDB) to fund the Kaduna-Kano railway project.

This was made known in a statement by CDB on Tuesday, January 7, 2024.

According to the China Development Bank, the loan will provide crucial financial backing to ensure the smooth construction of the transportation initiative.

The railway is on the list of practical cooperation deliverables released during the third Belt and Road Forum for International Cooperation in 2023.

CBD added that the railway project has been making steady progress, so far, continuing that going forward, it will closely coordinate with Nigerian partners to ensure the smooth disbursement of subsequent loans and effective post-loan management.

The Kaduna-Kano railway, which spans through 203 kilometres in total, once completed, would provide a direct rail connection between Kano and Kaduna.