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FG Signs $6.68 Billion Contract Agreement with CCECC

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By Oru Leonard

 

The Federal Government today signed a Contract Agreement of $6.68 on the Ibadan – Kaduna Railway Segment of the Lagos-Kano Railway Line with the China Civil Engineering Construction Corporation (CC.ECC).

 

Addressing Journalists shortly after signing the Contract Agreement, the Honourable Minister of Transportation Rt. Hon. Chibuike Rotimi Amaechi said that the Contract Agreement is for the implementation of Addendum no. 4 Ibadan- Kaduna segment of the Lagos- Kano Rail line at the cost of $6.68 billion.

 

“This one is Ibadan- Kaduna Rail Line which is part of the Lagos-Kano rail line” he said. The Hon. Minister added that the completion time of the contract should between  2-3 year depending on the availability of funds.

 

 

Rt. Hon Rotimi Amaechi promised that the Ministry should be able to provide its counterpart funding between this year and next year budget provision.

 

The Ibadan- Kaduna Standard Gauge line will pass through Oshogbo-ilorin-Minna to Kaduna, with a single track branch line from Oshogbo to Ado- Ekiti.

 

This Contract is in fulfilment of Federal government’s plan to complete the Lagos- Kano rail modernization Project which was started in 2006 and broken into Segments for implementation in 2008.

 

Segmentation phase commenced in Abuja- Kaduna Rail Line in 2011, which was completed and commissioned into Commercial operation by President Muhammadu Buhari in 2016.

 

The Federal government in March 2017 commenced implementation of the second leg of the Lagos – Kano line which is the Lagos-Ibadan Rail line that is currently on-going and is planned to be  completed by the end of 2018.

 

Signing of this Ibadan –Kaduna Segment Contract Agreement today concludes all outstanding Segment of Lagos – Kano Rail Line. The South East and South South is also full of expectations of the railway dividends

 

   

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Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
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