- The sum of N1.1 trillion ($3.02 billion) has been approved by FEC for the re-construction of Port Harcourt to Maiduguri rail line
- the minister of transportation, Rotimi Amaechi made the disclosure after the council meeting
- According to Amaechi, FEC also approved the construction of a new deep seaport in Bonny and the construction of a railway Industrial park in Port Harcourt
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In order to rehabilitate and reconstruct the Port Harcourt-Maiduguri eastern narrow gauge railway, the Federal Executive Council (FEC) has approved $3,020,279,549 (N1,162,656,612,387)
Rotimi Amaechi, the minister of transportation who made this known while briefing State House correspondents after the 18th virtual meeting of the Federal Executive Council (FEC) said new branch lines and trans-shipment facilities were approved as well.
According to him, the new branch lines are from Port Harcourt to Bonny with new lines from Port Harcourt to Owerri.
He also added that there will be a branch line from Gombe or before Maiduguri to Damaturu and Gashua.
The minister went on to note that the council approved the construction of a new deep seaport in Bonny under Private-Public- Partnership (PPP) programme and the construction of a railway Industrial park in Port Harcourt.
"The Federal Executive Council today, approved the award of contract for the rehabilitation and reconstruction of the Port Harcourt to Maiduguri Eastern Narrow Gauge Railway, with new branch lines and trans-shipment facilities.
"It also approved the construction of a deep seaport in Bonny under PPP and construction of a railway industrial park in Port Harcourt.
"The railway line will be at the cost of $3,020,279,549. The industrial park, which is under PPP, at no cost to federal government, will cost $241,154,389.31.
Meanwhile, Legit.ng reported that the minister of information and culture, Lai Mohammed, said the approval of the extension of rail construction from Lagos-Kano-Katsina to Marradi in Niger Republic by the federal government was for a reason.
The minister explained on Friday, October 1, that the decision was taken for economic and commercial benefits.
According to him, Nigeria needs to take economic advantages of import and export of Niger Republic, Chad and Burkina Faso.
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