@NigeriaGov will contribute 15%
CRCC contribution: 10%
Balance of 75% to be borrowed from China Export-Import (Exim) Bank, using an SPV
CRCC will operate both rail line and port under a 30-year concession agreement, to recover and repay the SPV debt
And why Warri: Well, Warri already connected to a existing STANDARD gauge rail line that runs 300+ km across Nigeria.
Limestone, gypsum, iron ore, dolomite, granite, coal, clay, marble, etc.
This rail line runs thru Kogi, & will connect it to a Deep Sea Port