Economy

FEC approves $11.17bn rail project to link all coastal cities

The Federal Executive Council (FEC) has approved $11.17 billion to link all Nigeria’s coastal cities by rail in six years.

Lai Mohammed, Minister of Information and Culture, briefed State House correspondents after the virtual FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja.

Mohammed said the Minister of Transportation, Rotimi Amaechi, presented two memos which had to do with Federal Government’s commitment to expanding and consolidating on the rail project.

“The first one actually has to do with the Kano-Jibia rail and the other one has to do with the Port Harcourt-Maiduguri rail.

“Actually what was approved today was funding to ensure that work starts immediately on those two rails.

“And then, also another memo that was approved today was the ratification of the president’s approval for the award of contract for the Lagos-Calabar Coastal Standard Gauge.’’

He said the project was an old project which was inherited by curFEC approves $11.17bn rail project to link all coastal citiesFEC approves $11.17bn rail project to link all coastal citiesrent administration.

Mohammed said that under the former administration, approval was given but nothing was done.

“Today, the council has given approval to commence the Lagos-Calabar Coastal rail.

“This particular route is very important because after the Lagos-Kano route, this Lagos-Calabar Coastal route actually will link all the coastal cities in the country.

“Actually, the proposed route alignment is as follows; it will go from Lagos to Sagamu, Sagamu to Ijebu-Ode, Ijebu-Ode to Ore, Ore to Benin City, Benin-City to Sapele, Sapele to Warri, Warri to Yenogoa, Yenegoa to Port Harcourt, Port Harcourt to Aba, Aba to Uyo, Uyo to Calabar, Calabar to Akamkpa to Ikom, Obudu Ranch with branch lines from Benin-City to Agbo, Ogwashi-ukwu, Asaba, Onitsha and Onitsha Bridge and then Port Harcourt to Onne Deep Sea Port.

“This particular route is very important especially for our coastal economy; the cost of the project is 11. 17 billion dollars,’’ he said.

According to him, the project is expected to be completed in six years.

A MUST TO READ: We wish to add you to our WhatsApp Database to get our trending and latest news directly into your WhatsApp Box as the news breaks.
Kindly CONTACT US 08072633727 📲 on WhatsApp/Call📞
Also, For your Advert Placement, Publicity, Press Release, Personality Promotion, Special Report, Featured story, Conference, Interviews, And So On.

VAM News

Recent Posts

How Several Nigerians in Canada Are Struggling to Make a Living

THE media personality and journalist, Dr. Kemi Olunloyo has sent shockwaves through the Nigerian digital…

4 hours ago

How States Got richer as Nigeria’s revenue rose under President Tinubu

The Washington-based World Bank has disclosed that revenues allocated to states, or subnational governments in…

7 hours ago

VIO Officer Crushed To Death In Ondo

NEWS UPDATE A Vehicle Inspection Officer has been crushed to death by a truck opposite…

9 hours ago

Nigerians react over INEC’s plan to use AI in 2027 electoral process

THE announcement on Tuesday by the Chairman of the Independent National Electoral Commission, INEC, Prof…

11 hours ago

Nigeria Announces Cheaper Fuel for Citizens

THE Federal Government has announced that Nigerians will start buying petrol at lower prices at…

1 day ago

Redeemer’s University Graduates 2,471 Students, Produces Record 52 PhDs at 18th Convocation

THE Vice-Chancellor of Redeemer's University, Ede, Prof. Shadrach Olufemi Akindele, has announced the graduation of…

1 day ago