AFRICAReports Infrastructure Infrastructure Financing News & Reports Railway Transportation

Nigeria To Borrow from Credit Suisse, Standard Chartered to Fund Next Stage of Railway Projects

Nigeria is negotiating a raft of loans from Chinese and European lenders to fund railway projects in the country, transportation minister Rotimi Amaechi said. Amaechi said Standard Chartered had agreed to fund $3.02 billion for the ongoing Port Harcourt-to-Maiduguri railway project. He had previously told Bloomberg that the government was in talks with Standard Chartered …read more →

AFRICAReports Infrastructure Infrastructure Financing News & Reports Railway Transportation Urban Renewal

Lagos Is Issuing Fresh N85 Billion Bonds To Secure the Future of its Infrastructure

The Lagos State House of Assembly said it approved the state government’s request to issue fresh bonds and take a bank loan because of the relief it would bring to the state. Governor Babajide Sanwo-Olu had asked the state legislators to approve a N85 billion special dispensation for bond redemption and for bridge loan. In …read more →

Infrastructure News & Reports Railway

Construction of Coastal Rail Line on Track as FG Sources for Funding

The Federal Government has said that its plans to establish rail lines along coastal states across the country targeting Lagos to Calabar in Cross River state is still on course. Speaking to Journalist in Lagos, the Minister of Transportation, Mr. Rotimi Amaechi confirmed that there are plans to construct rail line along the coastal corridor …read more →

Infrastructure News & Reports Railway Transportation WORLDReport

Iran, Afghanistan Open First Rail Link with Eye on Trade

TEHRAN, Iran (AP) — The leaders of Iran and Afghanistan on Thursday inaugurated the first railway link between the two countries, expressing hope it would enhance trade links across the region. The 140-kilometer (90-mile) line running from eastern Iran into western Afghanistan will eventually be expanded by 85 kilometers to reach the Afghan city of …read more →

AFRICAReports Infrastructure News & Reports Railway Roads Transportation

We’ll Complete Lagos-Badagry Expressway, Sanwo-Olu Assures

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Friday assured Nigerians that the State Government would complete the ongoing construction of the Lagos-Badagry Expressway. He said his government is committed to the construction of the Lagos-Badagry Expressway, adding that the delay of work on the road was based on the government’s plan to build a first-class …read more →

Infrastructure Infrastructure Financing Railway WORLDReport

European Commission Commits €54 Million for Sustainable Transport Infrastructure

The European Commission has announced €54 million in funding for sustainable and safe transport infrastructure in Europe. Five projects have been selected to receive funds under the Connecting Europe Facility’s (CEF) Transport Blending Facility rolling call, an instrument that is used to mix EU and private financing. Dirk Becker, Director of the Innovation and Networks Executive Agency (INEA) …read more →

Infrastructure Railway

Lagos-Ibadan Standard Gauge Rail Ready by December

The Lagos-Ibadan Standard Guage Rail line should be ready by December, considering the progress of works on the construction of rail stations by the contractor. Rotimi Amaechi, Minister of Transportation has said. Amaechi gave the assurance while briefing newsmen in Ibadan, Oyo State capital, at the end of his monthly routine inspection tour of the …read more →

Infrastructure News & Reports Railway Transportation

CCECC Completes Laying of Track for Lagos-Ibadan Railway Project

The track laying work for the 312km-long double-track standard gauge Lagos-Ibadan railway line project between Lagos and Ibadan in Nigeria is now fully complete. This was reported by the China Civil Engineering Construction Corporation (CCECC), the company in charge of the US$ 1.53bn project, in its twitter handle. CCECC was awarded the project back in 2012 …read more →

Infrastructure Infrastructure Financing News & Reports Railway Transportation WORLDReport

China to Inject US$ 5.3bn for the Completion of Ibadan-Kano Railway

China is expected to inject a sum of US$ 5.3bn by October this year, for the commencement of the construction of the Ibadan-Kano rail line, which is a part of the 2,700-km Lagos–Kano standard gauge railway line project in the Federal Republic of Nigeria. The Minister for Transportation, Hon Rotimi Amaechi revealed this during a special …read more →

Infrastructure News & Reports Railway Transportation

Lagos to speed up Mass Transportation Projects with PPP …..4 New Rail Lines in the Works

In strict adherence to the State’s Strategic Transport Master Plan, which prescribes six rail lines and one monorail for the long-term strategic goals of the State, Governor Babajide Sanwo-olu has said that the Lagos mass transportation initiative is making tremendous progress. Already, the Blue line is taking shape with the successful completion of an elevated …read more →