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.
Continue reading »FG SEEKS $5.85BN FROM CHINA FOR RAILWAY PROJECTS
Tag: Railway Contracts
LAGOS-IBADAN STANDARD RAIL GAUGE TO BEGIN OPERATION JAN 2019
The Chairman, Board of Nigeria Railway Corporation, Alhaji Usman Abubakar, says construction of Lagos-Ibadan standard rail gauge will be completed in December 2018 and start operation in January 2019. Abubakar said this during his official visit to the Nigeria Railway Corporation Western District, Ibadan on Tuesday. The chairman said the project will not be abandoned this time around as the […]
Continue reading »ABUJA TO TEST RUN LIGHT RAIL SERVICE MID NOVEMBER – MINISTER
The contractor handling the Abuja Rail Mass Transit is expected to complete work on the project by October while the FCT Administration will commence the test run of the Rail Mass Transit by the middle of November 2017, an official has said. The FCT Minister, Muhammad Bello, made this disclosure while receiving a delegation of the Federation of Tourism Associations […]
Continue reading »FED GOVT TO BORROW $6.1BN TO COMPLETE ALL RAIL PROJECTS BY 2019
The Federal Government has concluded plans to borrow $6.1 billion from Chinese Exim Bank to complete all rail projects in the country by 2019. The Minister of Transportation, Rotimi Amaechi, who disclosed this on Monday in Abuja, in a statement issued by Yetunde Sonaike, the Ministry’s Director of Public Relations, said that the Federal Government had targeted the construction of […]
Continue reading »CHINA TO CONSTRUCT $1.85BN LIGHT RAIL IN KANO
China Railway Construction Corporation says it has won a $1.851 billion contract to construct the Kano city light rail. In a special announcement in Monday, the company said its directors had received a provisional letter of award from Nigeria. The rail, with a total length of 74.3 kilometres, is expected to travel at a speed of 100 kilometres per hour.
Continue reading »ALL SET FOR THE COMMISSIONING OF $1.04 BILLION ABUJA-KADUNA RAILWAY (PICTURES)
All is now set for the grand commissioning of the $1.04Billion Abuja-Kaduna High-speed rail a couple of weeks from now. But for the need to accommodate the President’s tight schedule and the on-going Islamic Fasting Season, the rail would have been commissioned much earlier than the new rescheduled date.
Continue reading »RAILWAY CONTRACTS: REPS THREATEN ARREST OF 14 FIRMS
The Ad-Hoc Committee of the House of Representatives investigating railway contracts awarded between 2010 and 2014 has threatened to serve arrest warrants on 14 firms. The committee said the firms handled some of the rail projects under investigation, but had shunned many invitations to appear before lawmakers to answer questions. Four of the firms were said to have handled projects […]
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