SAN FRANCISCO, October 07, (THEWILL) – The sum of $3.02bn has been approved by the Federal Executive Council for the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge.
Minister of Transportation, Rotimi Amaechi who disclosed this to newsmen at the end of the Federal Executive Council Meeting on Wednesday, said the Council also approved the construction of a deep seaport at Bonny and a railway industrial park in Port Harcourt, both in Rivers State at the cost of $703.1m. He explained that the two projects will be funded through a Public-Private Partnership arrangement.
“The Federal Executive Council 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 council also approved the construction of a new deep seaport in Bonny, under PPP 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 the Federal Government, will cost $241,154,389.31. The Bonny deep seaport will cost $461,924,369, at no cost to the Federal Government.
“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. There is another connecting narrow gauge to standard gauge at Kafanchan. There is a branch line from Gombe or before Maiduguri to Damaturu and Gashau”, he explained.
Meanwhile, the Minister of Interior, Rauf Aregbesola said the Federal Executive Council has approved the establishment of the Nigeria Correctional Service Shoe, Garment, and Leather Processing Factories in Aba, Abia State as well as Janguza, Kano State.
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“The benefit, beside the employment of Nigerians, is the opportunity for training of the inmates of our correctional facilities in Janguza, Kano State and Aba in Abia State. The contract for full business skills compliance certificate is given to Messrs LG Investment Limited, a Nigerian company which is partnering with a Chinese company, Full Technology Incorporated from Beijing, China,” he added..
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