The Lagos State Government has announced that its light rail project running between Mile 2 and Marina will now commence passenger operation in 2022. The mass transit rail project called the Blue Line awarded to China Civil Engineering Construction Corporation had suffered many delays due to paucity of funds and other challenges. But the state […]
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Nigeria, under the administrations President Muhammadu Buhari and that of former President Goodluck Jonathan, has borrowed about $3.1 billion for railway and airport projects across the country. It was learnt that $1.6 billion was borrowed by the current government for the construction of a standard gauge Lagos-Ibadan rail line, while the previous government reportedly collected […]
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The China Civil Engineering Construction Corporation has stated that the Federal Government has not provided its ₦9 billion counterpart funding for the Abuja light rail project, which will be inaugurated for commercial services by President Muhammadu Buhari on Thursday. The firm stated that the project, which began in May 2007, was challenged by inconsistent funding. […]
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Nigeria Federal Government, today, in Abuja released ₦100 billion to road contractors to facilitate the construction and rehabilitation of 25 priority road projects across the six geopolitical zones. The Federal Government raised the funds through the issuance of Sukuk bonds. Sukuk bonds are Islamic bonds, structured in such a way as to generate returns to […]
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The Federal Government on Monday announced that commercial activities will begin on the Itakpe-Ajaokuta-Warri rail line in June next year. According to the government, the rail line connecting about five states has been abandoned for over 30 years. The Minister of Transportation, Rotimi Amaechi, told journalists during an inspection tour of rail lines that the […]
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The Lagos-Ibadan standard gauge rail line takes off today, signalling the return of the good old days of efficient train services, writes ADEYINKA ADERIBIGBE Today, history will be made as Minister of Transportation, Rotimi Amaechi opens the Lagos-Ibadan standard gauge rail line. The project is in fulfilment of the Buhari’s administration’s commitment to bequeath to […]
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