Sponsored
News

China To Approve $5.3bn For Ibadan-Kano Railway Project, Says Amaechi

Sponsored
Sponsored

The Minister of Transportation, Mr Rotimi Amaechi, said China has been very helpful to Nigeria.

He stated this on Friday during a special broadcast which aired on Channels Television to mark the nation’s Democracy Day.

The Minister noted that the People Republic of China and the Chinese people have been very helpful to the Federal Government following the disbursement of cash to fun infrastructure, especially railway.

For instance, Amaechi said the Asian country released $1.6 billion for the Lagos-Ibadan railway and is expected to approve $5.3 billion by October.

“The Chinese government and the Chinese people have been very helpful to Nigeria. They have released $1.6 billion for the Lagos-Ibadan (Rail).

“They have agreed to approve (and) we hope that by October, they should be able to approve the $5.3 billion for the Federal Government of Nigeria so that we can commence and complete the construction of the Ibadan-Kano railway,” he said.

The Lagos–Kano Standard Gauge Railway is an under-construction standard gauge railway across Nigeria, from the Atlantic Ocean port of Lagos to Kano, near the Niger border.

The railway will run parallel to the British-built Cape gauge line, which has a lower design capacity and is in a deteriorated condition.

The railway is being built in segments. Only the segment between Abuja and Kaduna has been completed so far, and services began officially in July 2016.

The 187 km segment is an important junction point on the existing Cape gauge railway network, where a branch line departs the Lagos–Nguru line for Kafanchan, on the Port Harcourt–Maiduguri Railway.

Sponsored
Funsho Arogundade

Recent Posts

Democracy Day: Princess Folashade Olabanji-Oba Rallies Nigerians Especially Women To Make Polling Units ‘Beacons Of Hope’ Ahead Of 2027

As Nigeria marks another historic June 12 Democracy Day, prominent political leader, Aarebirin Hon. Princess…

2 hours ago

Ikeja LG Boss, Comrade Dauda Greets Nigerians On Democracy Day

OLALEKAN ONI As Nigeria marks another Democracy Day, the Executive Chairman of Ikeja Local Government,…

2 hours ago

JMG At 28 – A Groundbreaking Trajectory from Generator Supplier to Electro- Mechanical Powerhouse

JMG Limited, Nigeria’s foremost integrated electromechanical solutions company is celebrating 28 years of innovation, growth, and industry leadership,  marking…

4 hours ago

Insight Redefini Names Babatunde Olaifa New Group CEO

Insight Redefini Group, Nigeria and West Africa’s largest integrated marketing communications network and a member…

4 hours ago

Access Holdings Chairman, Aig-Imoukhuede Says Acquisition Phase Over, Focus Shifts to Shareholder Returns

BY FUNSHO AROGUNDADE Access Holdings Plc Chairman Aigboje Aig-Imoukhuede said the group has completed 20…

5 hours ago

Details of Proposed Constitutional Amendments for the Establishment of State Police And Federal Police

These are the details of proposed Constitutional Amendments for the Establishment of the State Police…

6 hours ago
Sponsored