Updates: N458bn Lagos-Ibadan new rail project to begin Feb

Updates: N458bn Lagos-Ibadan new rail project to begin Feb

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The Federal Government will commence the construction of a standard gauge rail line from Lagos to Ibadan next month, the Managing Director, Nigerian Railway Corporation, Mr. Fidet Okheria, has said.

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The project, which has been awarded to the China Civil Engineering Construction Corporation, is being jointly funded by the Nigerian and Chinese governments, and will cost about $1.5bn (N458bn).

Already, the Federal Government has made its counterpart funds available, while China promises to release its own by the end of this month, according to Okheria.

This is coming about six months after the Federal Government and the CCECC signed an agreement for the project.

The NRC helmsman, who spoke with our correspondent exclusively in Lagos on Friday shortly after receiving a leadership award from the ECOWAS Youth Council, said, “The Chinese government promises that by the end of the month to release its counterpart funds. And the project should, therefore, start in the next one month.”

The new Lagos-Ibadan rail, spanning 156.65 kilometres, is a double line, which is the first phase of a new Lagos-Kano standard gauge line.

The new line, when completed in 18 months, would coexist with the old narrow gauge rail line, Okheria said. Read in full

Source: Punchng

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