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