FG Eases Movement Of Goods And Services, Endorses $11.17bn for Coastal Rail Project

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CBN

 

Olusola Bello

 

The Federal Executive Council (FEC) has endorsed the sum of $11.17 billion to link all Nigeria’s coastal cities by rail in the next 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.

 

According to Mohammed, 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.

 

He stated that the first one actually has to do with the Kano-Jibia rail and the other one has to do with the Port Harcourt-Maidugiri 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 current 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.

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