FG Okays $3.02bn For Reconstruction Of Port Harcourt-maiduguri Rail Line - 9jaflaver



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FG Okays $3.02bn For Reconstruction Of Port Harcourt-maiduguri Rail Line




The Federal Executive Council on Wednesday approved the reconstruction and rehabilitation of the Port Harcourt- Maiduguri Eastern Narrow Gauge .

The cost of the project was put at $ 3 . 02 bn.
The decision was taken at the weekly meeting of the council presided over by the President , Major General Muhammadu Buhari (retd . ).
Minister of Transportation , Rotimi Amaechi , disclosed this to State House correspondents at the end of the meeting at the Presidential Villa , Abuja .

Amaechi also told reporters that the council approved the construction of a deep seaport at Bonny and a railway industrial park in Port Harcourt, both in Rivers State at the cost of $ 703 . 1 m .

He, however , said the two projects would be at no cost to the Federal Government , saying they will be funded through Public – Private Partnership arrangement.

He said the industrial park would gulp $ 241 . 2 m while the Bonny Deep Seaport will gulp $ 461 . 9 m .

The minister explained , “The Federal Executive Council has approved the award of contracts for the rehabilitation and reconstruction of the Port Harcourt- Maiduguri eastern narrow gauge railway , with new branch lines and trans -shipment facilities .

“ The council also approved the construction of a new deep seaport in Bonny , under PPP and the construction of a railway industrial park in Port Harcourt.

“ The railway line will be at the cost of $ 3 , 020 , 279 , 549 . The industrial park , which is under PPP, at no cost to Federal Government , will cost $ 241 , 154 , 389 . 31 . The Bonny deep seaport will cost $ 461 , 924 , 369 , at no cost to the Federal Government .

“The Port Harcourt to Maiduguri narrow gauge railway will have new branch lines : from Port Harcourt to Bonny and from Port Harcourt to Owerri are new lines .

“ There is another connecting narrow gauge to standard gauge at Kafanchan. There is a branch line from Gombe or before Maiduguri to Damaturu and Gashau . ”

Still on PPP, the Minister of Interior , Rauf Aregbesola , said the council approved the establishment of the Nigeria Correctional Service Shoe , Garment , and Leather Processing Factories in Aba , Abia State as well as Janguza, Kano State.

“ The benefit , beside the employment of Nigerians, is the opportunity for training of the inmates of our correctional facilities in Janguza, Kano State and Aba in Abia State.

“ The contract for full business skills compliance certificate is given to Messrs LG Investment Limited , a Nigerian company which is partnering with a Chinese company , Full Technology Incorporated from Beijing , China, ” he said .

Source:- Punchng



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