Transportation, Rotimi Amaechi
The Minister of Transportation, Rotimi Amaechi has said
the Federal Government requires the sum of $656 million to complete
work on the Lagos-Ibadan railway project.
Amaechi disclosed this on Friday while defending his ministry’s
2021 budget at the Senate.
He explained that the amount is needed to put the necessary
infrastructure in place for the project to serve its intended
purpose.
“Some aspects of works involving the construction of upgraded
railway station, signalling and telecommunication systems, power
supply scheme and the construction of pedestrian and overpass
bridges have to be completed,” he said.
“These additional and extra works amounting to $656 million
which is to be financed 100 percent by the Federal Government of
Nigeria has been approved by the Federal Executive Council for
implementation.”
(adsbygoogle = window.adsbygoogle || []).push({});
The Minister also told the lawmakers that the construction of
the project is 92 percent close to completion.
He however lamented that the work was disrupted following the
#EndSARS protests that shook most parts of the country.
Amaechi noted that the Ibadan-Kano railway project also required
an injection of $645.3million as advance payment to enable the
Federal Government to complete its loan signing agreement with the
China Exim Bank.
According to him, the Ministry would commence the reconstruction
and rehabilitation of the Port-Harcourt-Maiduguri Eastern Narrow
Gauge railways in 2021.
Read more https://swordpress.com.ng/2020/11/07/656m-needed-to-complete-lagos-ibadan-railway-amaechi/