Jonathan Approves 1.49 Billion Dollars for Lagos-Ibadan Railway Line

The Federal Executive Council (FEC) has approved the renewal of contract for the Lagos-Ibadan double track railway line which could not be completed in 2006 due to financial constraints.

The contract awarded to Chinese construction company, China Civil Engineering Construction Corp (CCECC), was approved for the sum of $1.487 billion and it is to be concluded in 36 months.

The renewal of the contract is coming after a re-negotiation and re-phrasing of the contract between the Federal Government and the Chinese company.

The Council also approved a variation of contract for the design and construction of the Abuja Rail Mass Transit Project.

Addressing the issue power generation, the Federal Government will also be spending 2.075 million Euros for the supply and installation of spare parts for the Shiroro hydro-electric power plant.

The Minister of Power, Professor Barth Nnaji who briefed State House correspondents on the contracts said that the projects will sustain the generators for another five years of dependable service.

He also stated that another $10.092 million was approved by the cabinet and that it will be for the restoration of the plant units in the Omotosho power plant.

The two contracts approved in the power sector are designed to take care of the short term measures taken by the Federal Government to restore electricity in Nigeria.

The two power plants can generate 300 MW of electricity when fully operational.

Culled from a Nigerian media organization, Channels Television

What are you thinking?

3 Responses to “Jonathan Approves 1.49 Billion Dollars for Lagos-Ibadan Railway Line”

  1. That there is certainly wedlock without need of passion, you will get passion without need of wedlock.

  2. says:

    Typically the most severe path to miss any person is required to be perched best suited with them being aware of you can easily‘w not keep these things.

  3. says:

    Really like certainly is the activated trouble to your daily life and also the increase of that which my partner and i adore.


Leave a Reply

× three = 15

Share Nigerians Saving Nigerians With Your Friends

Nigerians Saving Nigerians is registered as a nonprofit corporation with the Secretary of State of Texas, U.S.A. Nigerians Saving Nigerians is a nontribalistic and nonprofit organization, founded on the 27th of September, 2011. The purpose of Nigerians Saving Nigerians is to strengthen civic duties among Nigerians in order to foster peace and prosperity. The purpose of the Nigerians Saving Nigerians website is to provide a platform where Nigerians can organize peacefully in order to strengthen the development of Nigeria.

Find Us On Facebook

Featured video on Nigerians Saving Nigerians: Spoken word performance by President Barack Obama Fellow, Omololu Omotosho.

php developer india

Video of the week: Africa Rising

php developer india