GE to be­gin train op­er­a­tion Oc­to­ber

Daily Trust - - NEWS - By Chris Agabi

Gen­eral Elec­tric (GE) will be­gin oper­a­tions of the stan­dard gauge lines across the coun­try by Oc­to­ber 2017, the Min­is­ter of Trans­porta­tion, Mr Ro­timi Amaechi has said.

The min­is­ter dis­closed this yes­ter­day, when he played host to the Sin­ga­porean Se­nior Min­is­ter of State for Trade and In­vest­ment, Dr Koh Poh Koon and his en­tourage in Abuja.

GE had pre­vi­ously won the con­ces­sion and was given the let­ter of award last month.

The con­ces­sion will see GE in­vest in ex­cess $2.2 bil­lion into the nar­row gauge rail sys­tem that tra­verses al­most the en­tire coun­try. One trunk of the line starts from La­gos down to Kano and passed through sev­eral states like Ogun, Oyo, Kwara, Niger, Kaduna and Kano. An­other trunk starts from Port Harcourt through Abia, Enugu, Benue, Nasarawa, Plateau, Bauchi, Gombe and Maiduguri.

On the loans from China EXIM Bank to de­velop rail in­fra­struc­ture, the min­is­ter noted that, the Fed­eral Gov­ern­ment del­e­ga­tion “May likely be in China in the next two weeks to ne­go­ti­ate the $6 bil­lion loan fa­cil­ity for Ibadan to Kano. There is also the La­gos to Cal­abar which I about $11.1 bil­lion.”

Dr. Koh Poh Koon said he was in Nige­ria to foster bet­ter busi­ness re­la­tion­ship adding that Nige­ria and Sin­ga­pore have had good bi­lat­eral re­la­tion­ship.

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