Skip to main content

Nigeria’s airport project nears completion

The Abuja Airport terminal expansion project in Nigeria, currently under construction by Chinese company CECC, is around 30 per cent complete and is expected to open for operation in December 2014. The scheme, when completed, will connect the city centre to the satellite towns in the country. The Federal Government has embarked on improving most of the nation’s airport terminals across the country via various remodelling and expansion works with a view to bringing them up to international standards.
August 7, 2014 Read time: 2 mins

The Abuja Airport terminal expansion project in Nigeria, currently under construction by Chinese company CECC, is around 30 per cent complete and is expected to open for operation in December 2014. The scheme, when completed, will connect the city centre to the satellite towns in the country.

The Federal Government has embarked on improving most of the nation’s airport terminals across the country via various remodelling and expansion works with a view to bringing them up to international standards.

Finance Minister and Coordinating Minister for the Economy Dr Ngozi Okonjo Iweala said: “We took a loan of US$500 million from the Exim Bank of China representing the Chinese government in order to construct modern terminals in this country. This is something we need and we have four outstanding terminals of Lagos, Abuja, Kano and Port Harcourt in mind; the expansion works are ongoing.” She went on to say that the government is similarly constructing the Enugu and Bayelsa terminals from the government’s internal funding.

In addition, the US$849 million Federal Capital Transport Authority (FCTA) light rail project is expected to be completed in the third quarter of 2015.

Related Content

  • EIB increases support for high-speed trains
    May 16, 2013
    The European Investment Bank (EIB) is increasing its loan for Poland’s PKP Intercity’s Pendolino trains from US$288 million to US$440 million. The project consists of the purchase of twenty modern high-speed trains and the construction of an associated maintenance depot in Warsaw. With the increase of financing, the bank aims to ensure smooth project implementation by completing the financing plan. The high-speed passenger connections will be available between Gdynia, Warsaw and Krakow/Katowice, part of a T
  • Key Russian PPP project
    April 18, 2012
    The Northern Capital Highway (NCH) consortium has been named the preferred bidder in the tender for the central section of St Petersburg’s Western High-Speed Diameter (WHSD) project. Should NCH win the tender process it will build and then operate the entire stretch of the toll road. The consortium comprises VTB Capital and Gazprombank from Russia in partnership with Italian company Astaldi and Turkish firm Ictas Insaat.
  • EBRD invests in Turkey’s first trans-shipment hub
    December 18, 2013
    The European Bank for Reconstruction and Development (EBRD) is providing a US$92 million loan for Turkey’s first trans-shipment container terminal AsyaPort, as the country continues to improve its infrastructure to create the conditions for sustaining its strong economic growth. The Bank’s financing will be used to design, build, operate and maintain a new container terminal in the town of Barbaros, Tekirdag province, some 130 kilometres west of Istanbul. The International Finance Corporation (IFC) and T
  • AfDB support for Rwanda transport sector support project
    November 25, 2014
    The African Development Bank (AfDB) has approved a US$74.47-million loan to finance the first phase of Rwanda’s Transport Sector Support Project, to support the country’s need to improve its transportation services. The project involves upgrading 51.54 kilometres of the Base-Rukomo road along the Base-Gicumbi-Rukomo-Nyagatare axis. The project aims to contribute to socio-economic development, to improve standards of living and regional integration through an improved and sustainable transport system tha