45,000 tons of rails to be shipped for La­gos-Ibadan fast rail track

Daily Trust - - NEWS - From Ab­dul­la­teef Aliyu, La­gos

The first batch of rails for the con­struc­tion of the LagosIbadan stan­dard gauge project would be ready for ship­ping to Nige­ria from China next week, it was re­vealed yes­ter­day.

Over 6000 tons out of the 45,000 rails re­quired for the US$1.5bn project would make the first batch while the re­main­ing rails would have been im­ported be­fore De­cem­ber.

The Chief Project Co­or­di­na­tor, Mr. Leo Yin of CCECC, the con­trac­tor han­dling the project, dis­closed this dur­ing the over­sight/in­spec­tion visit of the Se­nate Com­mit­tees on Lo­cal and For­eign Debts and Land Trans­port to the Nige­rian Rail­way Cor­po­ra­tion (NRC) head­quar­ters in La­gos.

Yin also dis­closed that 700 work­ers out of 7000 work­force re­quired for the project had been mo­bi­lized.

The La­gos-Ibadan stan­dard gauge project which was flagged off by the act­ing Pres­i­dent, Prof. Yemi Os­in­bajo is the first seg­ment of the La­gos-Kano project with ex­ten­sion to Apapa Port in La­gos. It is go­ing to be funded with a loan to be ob­tained from the China Exim Bank. The project co­or­di­na­tor said non-re­lease of coun­ter­part fund­ing had been a ma­jor chal­lenge stalling the smooth run­ning of the project, say­ing only 85 per cent of ad­vanced pay­ment had been re­leased.

The com­mit­tee chair­men, Sen­a­tors Gbenga Ashafa (Land Trans­port) and Shehu Sani (Lo­cal and For­eign Debts) who vis­ited the site at Agege along­side other mem­bers of the com­mit­tees, said they were im­pressed by the progress of work. Sani said the Se­nate was be­ing cau­tious in grant­ing ap­proval to the bor­row­ing plan with the China Exim Bank for the fi­nanc­ing of the rail project, ad­ding that the Na­tional As­sem­bly would en­sure ef­fec­tive uti­liza­tion of the loan

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