«For now, the Chinese are funding the Lagos to
Kano rail project and any of those that we have approached, when they give us money for the other two projects we will gladly take,» he said.
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.
«For us, what this meant especially in the context of Lagos and Kano collaboration is the refurbishing of the narrow gauge Lagos to
Kano Rail with a concession to General Electric who are proposing to invest almost $ 2billion to ensure that the rail route is effective for movement of cargo from Apapa port to Kano.
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.
If true, why would northern national legislators band together to pass the Lagos -
Kano rail project but the southern ones, in both the Senate and the House of Representatives, conspire to let go of a key infrastructure thrust, that could change the face of the South East and South - South economies for good?
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 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.
According to him, former President Olusegun Obasanjo designed and raised the financing and started the «EPC of the Lagos -
Kano dual track - standard gauge
rail system, and the Abuja Light Rail.&ra
rail system, and the Abuja Light
Rail.&ra
Rail.»
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, «I will say it is inadequate and I will also add that it is inaccurate in the sense that when the President Muhammadu Buhari - led government came in, the idea of providing
rail infrastructure as approved initially — from Lagos to Calabar and Lagos to
Kano — took into cognisance Aba and Onitsha.
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.
Lagos - Ibadan sector ready 2019,
Kano - Kaduna ready 2019; The entire stretch ready 2021; Negotiations on for Coastal
Rail covering 15 cities from Lagos to Calabar.
Among the
rail projects are the Coastal Railway Project (Lagos - Calabar segment), estimated at $ 3.4 bn; the Lagos -
Kano Railway Modernisation Project (Lagos - Ibadan segment), $ 1.2 bn; and the Lagos -
Kano Railway Modernisation Project (
Kano - Kaduna segment), $ 1.1 bn.