December 11, 2014 – The Nigeria’s high speed rail to be constructed at a cost of $13 billion by China Railway Construction Company has been rated by KPMG Professional Services as one of the global top 100 world-class infrastructure projects.
The multi-billion Dollar rail project will connect Lagos, Kano, Kaduna, Warri, Bauchi, Abuja, and Port Harcourt and will be financed with a loan from the Export Import (EXIM) bank of China.
Total length of the rail is 3,218-kilometres and 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”.
In a report titled, ‘The Infrastructure 100: World Markets Report’, the KPMG panel of judges said the project “will remove heavy freight from Nigeria’s stressed roads and could save the country millions on road maintenance.
The Cable Newspaper reported that other African projects on the list are: Khi Solar One (South Africa), Square Kilometer Array (South Africa), PRASA Rolling Stock (South Africa), Kudu Gas Field and CCGT Project (Namibia),Trans-Saharan Natural Gas Project (Nigeria to Algeria), Mombasa-Kigali Railway (Rwanda), KivuWatt (Rwanda), Jinja Bridge (Uganda), and Jomo Kenyatta International Airport Terminal (Kenya).
