KfW IPEX, AFC help finance railway project in Niger, Nigeria

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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.

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