News
19 January 2021
KfW IPEX, AFC help finance railway project in Niger, Nigeria
In:
Social infrastructure
Region:
Middle East & Africa
Construction group Mota-Engil has signed a $1.82 billion contract for the design, construction and financing of a railway infrastructure in Nigeria and Niger.
Financing is being structured and negotiated by Germany's KFW-IPEX Bank, Africa Finance Corporation and Credit Suisse, as Financial Advisors of MOTA-ENGIL and Mandated Lead Arrangers for the transaction, and will be supported by several international export credit agencies.
The railway line will include Kano-Danbatta-Kazaure-Daura-Mashi-Katsina-Jibiya-Maradi in Niger, with a branch line to Dutse in Nigeria. Construction is expected to last 32 months.
