Tag: China Exim Bank
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$5.9bn China Exim Bank rail loan: Senate summons Amaechi over exclusion of South-East
The Senate on Tuesday summoned the Minister of Transportation, Rotimi Amaechi, to explain why the eastern rail corridor was omitted in current government borrowing plan. The Senate said the minister should appear before its Committee on Foreign and Local Debts to explain details of the loan to be obtained from China Exim Bank. The invitation…
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FG, China Exim Bank to spend $1.3bn on 700MW Zungeru Hydroelectric Power Project
The Federal Government, in partnership with the China Exim Bank, will spend about 1.3 billion dollars on the construction of a 700 megawatt-capacity Zungeru Hydroelectric Power Plant Project. Mr Tian Haihua, the Vice President, Power China Internationale Group Ltd., made this known on Thursday in Zungeru. He said that the project, when completed, would generate…