After the formal declaration by the vice President Yemi Osinbajo, work has finally commence on the construction of the Lagos Ibadan Railway project. Demolition of structures on the right of way along the route has commence. Structures at Mushin, Agege, Iju & Agbado are being pulled down.
The rail line which will cover a distance of 156.65 kilometres was awarded to the CCECC at the of $1.5 billion after Buhari visited China June 2016. Of the project cost, VP Osinbajo disclosed that the federal government had paid its counterpart funding of N72 billion, which he said, was a condition for the loan facilities it obtained from the Exim Bank of China for the project.