Vice President, Professor Yemi Osinbajo while speaking at the summit, said at least $ 2billion would be required to revive the Lagos -
Kano Rail Line as part of efforts to boost local and international trade along the Northern and Southern zones.
On the Lagos -
Kano rail line, he said: «Imagine that work starts on that rail line now, how many jobs will we create?
«And I can assure you that by God's grace, before the end of the year, we will commence work on the Lagos -
Kano rail line.»
Okheria also said arrangements were being finalised to start the construction of the Lagos - Calabar and Kaduna -
Kano rail lines.
Not exact matches
«In the interim phase, a substantive concession agreement will be negotiated and finalized to provide the consortium the opportunity to invest an estimated $ 2bn, to modernize the
rail line from Lagos to Kano (Western Line) and from Port Harcourt to Maiduguri (Eastern Line),» Adesina s
line from Lagos to
Kano (Western
Line) and from Port Harcourt to Maiduguri (Eastern Line),» Adesina s
Line) and from Port Harcourt to Maiduguri (Eastern
Line),» Adesina s
Line),» Adesina said.
The new Lagos - Ibadan
rail, spanning 156.65 kilometres, is a double
line, which is the first phase of a new Lagos -
Kano standard gauge
line.
He said the second approval would aid the completion and full utilisation of Lagos —
Kano, Calabar - Maiduguri, Port Harcourt — Maiduguri
rail lines from October this year.
Amaechi, who reiterated that President Muhammadu Buhari would flag off the Abuja - Kaduna
rail line early July, stated that government would commence work on the Lagos - Ibadan segment of the Lagos -
Kano this year.
Osinbajo said the Federal Government in partnership with a private firm, General Electric (GE) is already proposing to invest in the project to enhance the movement of cargo from Apapa ports to
Kano via the
rail line.
He said the three speed
rail line projects — Lagos to
Kano, Lagos to Calabar and Port Harcourt to Maiduguri — were crucial to the administration of President Muhammadu Buhari.