At the yesterday's federal executive Council meeting presided over by Nigeria President, Mohammadu Buhari, IfeanyiCy blog learnt, that Mr President had approved the sum of $3.02bn for the reconstruction of Port Harcourt – Maiduguri Railway with a spur to Owerri and Bonny.
According to a press statement made available to IfeanyiCy Media/Blog by the Hon minister of Transportation , Rotimi Amaechi,
the Federal Executive Council, FEC, has approved the award of contracts for the rehabilitation and reconstruction of the Port Harcourt-Maiduguri eastern narrow gauge railway, with new branch lines and trans-shipment facilities.
“The Port Harcourt to Maiduguri narrow gauge railway will have new branch lines: from Port Harcourt to Bonny and from Port Harcourt to Owerri are new lines.
The minister also revealed 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 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.
“The Bonny deep seaport will cost $461,924,369, at no cost to the federal government.
“There is another connecting to narrow gauge to standard guage at Kafanchan.
“There is a branch line from Gombe or before Maiduguri to Damaturu and Gashua. That’s what has been approved,’’ he said.
IfeanyiCy Njoku reports
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