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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SENATE APPROVES $1.8BN BORROWING PLAN FOR FG, $750M FOR STATES
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.
Continue reading »$5.9BN RAIL: SOUTH-EAST ALLEGES EXCLUSION, SENATE SUMMONS AMAECHI
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.
Continue reading »FG SEEKS $5.85BN FROM CHINA FOR RAILWAY PROJECTS
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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