The Federal Government has read the riot act to China Construction Engineering Civil Company (CCECC) urging them to increase the pace of work on the ongoing Ajaokuta, Itakpe, Warri railway project or risk revocation of the contract.
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Some experts lamented that China is taking advantage of the ailing state of the Nigerian economy to provide infrastructure loans, which do not come in cash but as projects executed by Chinese consortium and personnel.
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The Senate on Thursday approved $1.806billion Federal Government 2016-2018 External Borrowing (Rolling) Plan for the Lagos – Kano railway modernization project and the reconstruction and rehabilitation of the North East.
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The Minister of Transportation, Mr. Rotimi Chibuike Amaechi, said the ministry is in talks with the government of China to establish a special university for Transportation.
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The Federal Government on Thursday reacted to the Senate’s resolution on the exclusion of the eastern corridor in ongoing rail line projects, stressing that the new route is an improvement from an original plan, which includes the South-East, and links major cities in the country.
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Leader of the South-East caucus in the Senate, Senator Enyinnaya Abaribe, has protested against the alleged exclusion of the eastern rail line from the ongoing rail projects by the Federal Government.
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President Muhammadu Buhari is seeking approval from the National Assembly for a proposal to borrow $5.85bn from China to modernise the country’s rail network.
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