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Monday, December 15, 2014

Nigeria’s high speed rail is ‘world-class’



Nigeria’s high speed rail project initiated by President Goodluck Jonathan has been rated among the global top 100 world-class infrastructure projects by KPMG. The rail will connect Lagos, Kano, Kaduna, Warri, Bauchi, Abuja, and Port Harcourt and will cost the country $13 billion, much of which will be financed with a loan from the Export Import Bank of China. The China Railway Construction Corporation has secured the contract to build the 3,218-kilometre network, which will be digitally operated using fibre-optic cables, radio communication and wireless services. The project is designed to cover 54 stations and will take 25 years to build.



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