in

President Buhari Approves $3.02 Billion For Reconstruction Of Port Harcourt-Maiduguri Rail Line

Buhari approved $3.02 billion for the re-construction of Port Harcourt to Maiduguri rail line.

President Muhammadu Buhari has approved the sum of $3.02bn for the rehabilitation and reconstruction of the Port Harcourt-Maiduguri eastern narrow gauge railway.

President Buhari Approves $3.02 Billion For Reconstruction Of Port Harcourt-Maiduguri Rail Line 1

The Minister of Transportation, Rotimi Amaechi, disclosed this on Wednesday while briefing State House correspondents after the weekly meeting of the Federal Executive Council (FEC) at the Presidential Villa, Abuja.

Amaechi also disclosed hat the council approved the construction of a deep seaport at Bonny and a railway industrial park in Port Harcourt at a cost of $703.1m.

He, however, said the two projects would be at no cost to the Federal Government, saying they would be funded through Public-Private Partnership (PPP) arrangement.

“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.

READ ALSO  Dangers Of Answering A Call While Charging Phone

“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.

“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,” he said.

KanyiDaily recalls that President Buhari had also approved a contract of about $1.96 billion for the development of the proposed Kano-Jigawa-Katsina-Jibia to Maradi rail line in Niger Republic.

READ ALSO  Aisha Buhari Declares Support For Social Media Regulation, Compares Nigeria To China

Leave a Reply

Your email address will not be published. Required fields are marked *

21-Year-Old Tenant Kills Anambra Landlord After Complaining About Many Girls He Brings Home 7

21-Year-Old Tenant Kills Anambra Landlord After Complaining About Many Girls He Brings Home

"Biafra Agitators Are Mad People" – Reverend Uma Ukpai Says Nigerians Should Love One Another 8

“Biafra Agitators Are Mad People” – Reverend Uma Ukpai Says Nigerians Should Love One Another