Nigeria Taps StanChart to Replace China Loans for Rail Projects
(Bloomberg) -- Nigeria’s government is in talks with Standard Chartered Plc about arranging funding for two rail projects expected to cost as much as $14.4 billion, replacing earlier plans to source the loans from Chinese banks, Transport Minister Rotimi Amaechi said.President Muhammadu Buhari’s administration and the London-based lender are discussing financing for the upgrade of a narrow-gauge track in eastern Nigeria and a new standard-gauge line on the coast, Amaechi said in an interview. Th