GE to begin train operation October
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.