Country
Nigeria
Sector
Infrastructure
Intelligence Type
Capital
Status / Stage
Announced
Estimated Value
USD 747000000
Confidence
Confirmed
Latest Development
Syndicated loan arranged by Deutsche Bank as Global Coordinator to finance Phase 1, Section 1 (Victoria Island-Eleko, 47.47km) of the President Bola Ahmed Tinubu Coastal Highway, structured as an Engineering, Procurement, Construction + Financing (EPC+F) facility.
Capital Details
Capital TypeInvestment
DateJuly 2025
Investor / FinancierDeutsche Bank (Global Coordinator); First Abu Dhabi Bank; Afreximbank; ECOWAS Bank for Investment and Development; Zenith Bank; Nexim Bank
Recipient / BorrowerFederal Government of Nigeria
Purpose of CapitalEPC+F financing for Phase 1, Section 1 of the coastal highway
Financing StructureSyndicated EPC+F loan, ICIEC political/commercial risk insurance
Market Significance
Described by Nigeria's Ministry of Finance as the largest syndicated road infrastructure loan in the country's history.
Risk / Considerations
Financing structure bundles construction delivery with the loan itself, reducing competitive tension on contractor pricing; broader project cost estimates ($11bn-$12.5bn for the full corridor) remain well beyond this facility's scope.
Commercial Opportunity Intelligence
Commercial ReadinessVery Early
Source & Verification Trail
Last VerifiedAug 3, 2026