The Federal Executive Council has approved the contract for the rehabilitation of Ajaokuta-Itakpe rail line.
Information Minister Lai Mohammed told State House reporters that the contract was awarded to Messr CCECC Nigeria Ltd for $122.62m inclusive of all taxes at the prevailing CBN exchange rate of one dollar to N305 with a completion period of 15 months.
He explained that the contract involved track laying, permanent way works and ancillary facilities area and completion of 12 railway stations.
According to him, when completed, the project will facilitate access to the seaport for the evacuation of goods.
He said the FEC also approved another memo presented by Transportation Minister Rotimi Amaechi for the concession of the Nigeria’s narrow gauge railway system.
This, according to him, is to issue a letter of comfort to General Electric so that by October, there will be full utilization of Lagos-Kano and Port Harcourt – Calabar – Maiduguri lines.
The minister said the council also approved the variation cost for the construction of one 150 MVA 330/133 KVA transformer at Birnin Kebbi and the reinforcement of a sub-station in Kumbutso, Kano, for the transmission company of Nigeria.
Credit: Daily Trust
