Breaking News
Translate

FG approves $3.02bn for Port Harcourt-Maiduguri rail line

Kindly Share This Story:
FG warns against exploitation of seaport operators
Rotimi Amaechi, Minister of Transportation.

Federal government Wednesday approved the sum of $3.02bn for the rehabilitation and reconstruction of the Port Harcourt-Maiduguri eastern narrow gauge railway.

Disclosing this the minister of Transportation, Rotimi Amaechi, said “The Federal Executive Council has approved the award of contracts for the rehabilitation and reconstruction of the Port Harcourt-Maiduguri eastern narrow gauge railway, with new branch lines and trans-shipment facilities.

“The council also approved the construction of a new deep seaport in Bonny, under PPP and the construction of a railway industrial park in Port Harcourt.

READ ALSO: Lagos mass transit train: NRC to resume services soon — official

“The railway line will be at the cost of $3,020,279,549. The industrial park, which is under PPP, at no cost to Federal Government, will cost $241,154,389.31. The Bonny deep seaport will cost $461,924,369, at no cost to the Federal Government.

“The Port Harcourt to Maiduguri narrow gauge railway will have new branch lines: from Port Harcourt to Bonny and from Port Harcourt to Owerri are new lines.

“There is another connecting narrow gauge to standard gauge at Kafanchan. There is a branch line from Gombe or before Maiduguri to Damaturu and Gashau.”

Vanguard

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!