- Ameri Metro Inc, based in the US, has announced a plan to invest over $10 billion in Nigeria’s coastal rail project
- The company said it has done various rail projects in the United States, and has the resources and capacity to handle rail projects in Nigeria
- It expressed readiness to take over from the Chinese company earmarked to handle the project, since they have not been able to raise the money
Shah Mathias, the founder of Ameri Metro Inc based in the United States, said on Monday, May 21, that the company was ready to invest over $10 billion in the coastal rail project from Lagos to Calabar and Calabar to Port Harcourt.
He told newsmen after paying a courtesy visit to the minister of transportation Rotimi Amaechi in Abuja, that the project will be fully funded by the company, if approved by the federal government, NAN reports.
Legit.ng gathers that Mathias said that the company has done various rail projects in the United States, and has the resources and capacity to handle rail projects in Nigeria.
“We are here to do a presentation on the high speed rail and other sustainable projects; our goal is to build a more modern rail, which we can start as soon as possible. We are ready to invest 100 percent. We have been told that the project is over $10 billion; we are going to build new rail tracks, bring in locomotives.
“We are looking at the Lagos-Calabar coastal line and Port-Harcourt. We are ready to take it over from the Chinese company, since they have not been able to raise the money," he said.
Mathias said that the company was focusing on the development of high-speed rail for passengers and freight transportation.
Meanwhile, Legit.ng previously reported that the long-awaited Abuja-Kaduna high-speed railway finally commenced its work; and one of the first to try the new line was the friend of Bashir Ahmad, President Muhammadu Buhari's personal assistant on new media, Enessi Hasan, who also shared photos taken during the trip.
The Abuja-Kaduna high-speed railway is a 186km line with standard gauge railway tracks from Idu, near Abuja, to Kaduna in the north-western region of Nigeria. It has nine stations and features both passenger and cargo trains.
A ride on the Abuja-Kaduna railway - on Legit.ng TV: