The Minister of Transportation, Rotimi Amaechi, has said the Federal Government borrowed about $2.5 billion for the construction of the Lagos-Ibadan rail line. Amaechi, who stated this in an interview on Channels Television’s Newsnight on Monday night, said:  “If you look at the whole total cost, it will be $2.5 to $2.6 billion that we have borrowed from China Exim Bank.''