The Federal Government, yesterday, signed a contract agreement of $6.68 billon on the Ibadan-Kaduna railway segment of the Lagos-Kano Railway Line with the China Civil Engineering Construction Corporation (CCECC).
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A press statement by Mrs. Yetunde Sonaike, Director Press and Public Relations, Federal Ministry of Transportation, quoted the Minister of Transportation, Mr. Chibuike Rotimi Amaechi, to have said the contract agreement was for the implementation of Addendum No. 4 Ibadan-Kaduna segment of the Lagos-Kano Rail line at the cost of $6.68 billion.
“This one is Ibadan-Kaduna Rail Line which is part of the Lagos-Kano rail line,” the minister said, adding that “the completion time of the contract should between 2-3 years depending on the availability of funds,” he said.
Mr. Amaechi promised that the ministry should be able to provide its counterpart funding between this and next year’s budget provisions.
The Ibadan-Kaduna Standard Gauge line will pass through Oshogbo-Ilorin-Minna to Kaduna, with a single track branch line from Oshogbo to Ado-Ekiti.
The contract is in fulfilment of the Federal government’s plan to complete the Lagos-Kano rail modernization project which was started in 2006 and broken into segments for implementation in 2008.
The segmentation phase commenced in the Abuja-Kaduna Rail line in 2011 which was completed and commissioned into commercial operation by President Muhammadu Buhari in 2016.
The Federal Government in March 2017 commenced implementation of the second leg of the Lagos-Kano line which is the Lagos-Ibadan Rail line that is currently on-going and is planned to be completed by the end of 2018.
Signing of the Ibadan-Kaduna Segment Contract Agreement yesterday concludes all outstanding segments of the Lagos-Kano rail line.
FG, Chinese firm sign $6.68bn Ibadan-Kaduna rail line contract
Reviewed by AbuZahra Ahmad
on
May 17, 2018
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Reviewed by AbuZahra Ahmad
on
May 17, 2018
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