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$6.7 billion approved for Ibadan-Kaduna rail project by Federal Executive Council

$6.7 billion approved for Ibadan-Kaduna rail project by Federal Executive Council

The Federal Executive Council, FEC, presided over by President Muhammadu Buhari,yesterday approved a memo presented by the Minister of Transportation, Rotimi Amaechi, for the construction of a standard gauge railway project from Ibadan, Oyo State, to Kaduna.

Minister of Transportation, Rotimi Amaechi, addressed the State House correspondents immediately after the meeting held inside the council chamber of the presidential villa declaring the rail project to “cost $6.7 billion, with a completion period of three years.”

According to Mr. Amaechi, the Kaduna to Kano standard gauge project had earlier been awarded by the government.

It would be recalled that the Federal Government had approved 1.2 billion dollars for the construction of the Kano-Kaduna standard gauge railway project.‎

Amaechi said that the China EXIM bank had agreed to finance the Ibadan –Kano railway project.

“The Council approved the award of a new contract from Ibadan to Kaduna. You know earlier the council had awarded from Kaduna to Kano‎.

“So, the entire Ibadan to Kano as a stretch has been awarded. What was awarded today was Ibadan to Kaduna at the cost of 6.7billion dollars. This is an old contract that was awarded in 2006.

“The only different now is that we had to award the spur that is going to Ado-Ekiti. There is a new contract from Oshogbo to Ado-Ekiti that has brought the entire contract to 6.7 billion dollars from Ibadan to Kaduna and it was awarded to a Chinese company,’’ he said.

Also speaking at the State House press briefing, FCT minister, Mohammed Bello said FEC gave two approvals to the Federal Capital Territory, FCT.

The first, he said, is the award of supply of chemicals to FCT water companies at the cost of N273 million for water purification in the FCT.

The second contract is the reconstruction of Bill Clinton Drive, along the Umar Yar’adua Express way, leading to the Nnamdi Azikiwe International Airport, “ which has started showing sign of failure after 20 years at the cost of N1.9 billion with seven months completion.”

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