The Guardian reports that Nigeria’s minister of Transportation, Rotimi Chibuike Amaechi said the first segment of the rail line, which comprises Calabar, Uyo, Aba and Port-Harcourt will be ready within two years.
Signing the contract yesterday in Abuja on behalf of the Federal Government, the former Rivers state governor informed that it signifies the President Muhammadu Buhari-led administration’s resolve to pursue aggressive diversification plan for the economy, saying the coastal rail project when completed will link with all sea ports, together with the main Western line, thereby creating new business hubs for commercial activities.
He said: “We are today signing contract for the awarding of the Lagos Calabar rail line at the cost of $11.117billion. Initially, that project was to be awarded by the Goodluck Jonathan administration at the cost of $11.917billion, so we have been able to secure a price reduction of $800 million due to negotiations and the fall in price of some commodities in the world market.
“But it is basically the same contract but at different price. The first segment, Calabar and Port-Harcourt by my expectation will be ready in two years and they are to be linked with all the sea ports.”
While assuring that the Federal Government would push for timely payment of its counterpart funds to the coastal rail project despite paucity of funds, Amaechi stressed that the Abuja-Kaduna rail line is currently being test-run .
Source: Globa Village Extra