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FG Signs $6.68bn Rail Contract

FG Signs $6.68bn Rail Contract Minister of Transportation, Rotimi Amaechi has said that Ado Ekiti, capital of Ekiti state, will be connected to Lagos-Kano rail line just as he signed a $6.68 billion dollars contract agreement for the Ibadan-Kaduna segment with China Civil Engineering Construction...

Nigeria, GE Sign Pact on Rail Concession

Nigeria, GE Sign Pact on Rail Concession An International Consortium led by GE has signed a pact with Nigerian officials in Washington D.C. to proceed with the Interim Phase of the Nigerian narrow-gauge railway concession. The agreement followed the award of preferred bidder to GE by...

Connecting All States By Rail To Cost $36bn– Amaechi

The Minister of Transportation, Rotimi Amaechi, has said that the $36bn being sought by the Federal Government for rail lines construction across the country would be used to connect virtually all state capitals in Nigeria by rail. Speaking as a guest during a radio programme...

Senate to Amaechi: You Lied to Nigerians

The Senate has called on the Minister of Transport, Rotimi Amaechi to immediately withdraw his comment that the senate was delaying infrastructure development. In a statement signed by the Senate’s spokesperson, Sen, Aliyu Sabi, the senate said it was not delaying any construction and that...

China Exim Bank Approves N408bn for Lagos-Ibadan Rail Project

About a week after the Federal Government announced the release of N72bn as its counterpart fund for the construction of the Lagos-Ibadan standard gauge rail line, the Export-Import Bank of China has approved $1.275bn (about N408bn) loan for the project on behalf of the...

FG donated $15m for Rivers helicopters – Amaechi

The Federal Government contributed $15 million to purchase of the two controversial surveillance helicopters by the Rivers State Government, during the tenure of former Governor Rotimi Amaechi. A statement by the Amaechi Media Office yesterday said the former governor and now minister of transportation procured...