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.
According to The Cable, the project is designed to cover 54 stations and will take 25 years to build.
In the report, The Infrastructure 100: World Markets Report, the KPMG panel of judges said the project “will remove heavy freight from Nigeria’s stressed roads, could save the country millions on road maintenance”.