THE federal government of Nigeria has concluded plans to borrow $US 6.1bn from the Chinese Export-Import (Exim) Bank in order to complete all of its ongoing rail projects by the end of 2019.
CHINA Export-Import (Exim) Bank has agreed to provide Tanzania with a $US 7.6bn loan to build around 2200km of new standard-gauge railway linking Dar es Salaam with cities in central and western Tanzania.
Iron Ore Company of Canada (IOC) has secured an $US 83.1m loan guarantee from the Export-Import Bank of the United States to purchase six EMD locomotives built in the United States,