The Federal Executive Council (FEC) on Wednesday approved an interim agreement for the concession of the Lagos-Kano and Port Harcourt-Maiduguri old narrow gauge railway lines to a consortium led US engineering conglomerate, General Electric (GE).
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FG TO DIVERSIFY ECONOMY WITH $41BN RAILWAY INVESTMENT
The Federal Government has started a $41bn railway expansion to reduce dependence on oil and diversify the economy, the Minister of Transportation, Mr. Rotimi Amaechi, has said.
Continue reading »RAILWAY WORKERS URGE FED GOVT TO REVIEW PLANNED CONCESSIONING OF RAIL TRANSPORT
Nigeria Union of Railway Workers, NUR, yesterday, in Lagos, pleaded with the Federal Government to review the process of the planned concessioning of the nation’s rail transport industry with a view to saving the nation from another failed concession.
Continue reading »FG CONCESSIONS RAIL LINES TO GE, MULTINATIONAL TO INVEST OVER $2.2BN
The Federal Government Wednesday handed over the letter of award appointing General Electric (GE) as the concessionaire for two narrow gauge rail lines in the country, after the company’s emergence as the preferred bidder for concessions.
Continue reading »GENERAL ELECTRIC TO TAKE OVER NIGERIA RAILWAY CORPORATION NEXT YEAR
The Federal Government said yesterday that American company, General Electric (GE) would take over the management of the Nigeria Railway Corporation (NRC) under a concession plan between January and March 2017. Minister of Transportation, Rotimi Chibuike Amaechi, who made this known yesterday in Abuja while speaking at the first International Transportation Conference, said that the 18-month window period before the […]
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