What the New Port of Lekki in Nigeria Tells Us About the Future of Chinese Infrastructure Finance in Africa
The China in Africa Podcast
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Nigeria's Deep Seaport Could Be a Game Changer
The overall investment cost of this project is $1.04 billion US dollars, according to one figure. There's a loan provided by China Development Bank, which is $629 million. So they're buying a share of the company as a joint venture partner. Do you know what the dollar values are? The first investment was around 220 million, I think, and then it was going to go up to 600 milliliters somewhere around that. And so I imagine that's the total equity investment that would include both CHEC and Tolarum.
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