Nigeria will build railroads from Lagos to Carnot
Nigerian Minister of Transport Amaechi said the federal government has received $ 7.5 billion in lending from several Chinese banks, of which $ 1.4 billion will be used for railroads from Lagos to Ibadan, $ 6.1 billion Ibadan-Ilorin-Minna-Kaduna-Kano Line. Used to build a quasi-rail from Lagos to Carnot, which is currently awaiting approval by Congress.
The Minister of Transportation also said Kaura Namoda to Funtua would also resume construction; itakpe to Warri's central railway project would be completed by the end of 2017; the narrow line of Ilorin-Minna would also start during the year. Lagos to the eastern city of Carabar's coastal railway line will also start construction in the future. He therefore urged Congress to agree to the loan request as soon as possible.
Nigerian Railways project for Chinese loans
According to NAIJA247 news network reported on January 30, the Nigerian federal government and the state government has been proposed to the China Export-Import Bank loan requirements, which, the federal government on the Carnot - Kaduna railway project raised 1.2 billion US dollars loan, and card Norland wants me to provide 85% of the financial support for the $ 1.85 billion budget for the intercity light rail project. The news was revealed by Nigerian Minister of Transport Amaic's visit to Kano State. Ah said that in order to start the card-card railway project as soon as possible, the Nigerian government hopes that the talks with China will end before the end of this year. The state government is adapting to the Carnot Intercity Light Rail project, which includes four lines, ending at the Batailas Island near the central business district of Kano.
China Civil Engineering Corporation recalls Lagos-Carabah Coastal Railway project with Nigerian Federal Government
Rotundi Amaechi, Minister of Transport of the Federal Government of Nigeria, yesterday signed a signing ceremony with the China Civil Engineering Corporation (CCECC) on the revised Lagos-Karabar Coastal Railway project contract, according to the Daily News, July 2, The The railway project is a length of 1402 kilometers, before the presidency Jonathan in the amount of the contract amounted to $ 11.97 billion. The re-examination reduced the contract amount to $ 11.117 billion, taking into account the fall in prices of steel and other related commodities. Amaechi said that in the case of securing the project funds, it is hoped that the CCECC will be able to complete the project on schedule within two years. CCECC official said the project is significant for the economic development of southeast and southwest Nigeria and for the local increase of more than 5,000 jobs.
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