The Lagos State Government has signed a major agreement with an experienced international railway systems aggregator and rolling stocks manufacturer, Alstom SA of France on the Lagos Rail Mass Transit (LRMT) project as part of efforts to rev up the multi-modal transport system in the State.
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LOCAL CONTRACTORS EXCLUDED FROM $20 BILLION RAIL PROJECTS
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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