FG Approved Reconstruction of Port Harcourt, Enugu to Maiduguri Railway
The Federal Executive Council on Wednesday 7th of October, 2020 has approved the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge. The cost of the project was put at $3.02bn. Matters Arising gathered
The decision was taken at the weekly meeting of the council presided over by the President, Major General Muhammadu Buhari (retd.).
Minister of Transportation, Rotimi Amaechi, disclosed this to State House correspondents at the end of the meeting at the Presidential Villa, Abuja.
Amaechi also told reporters that the council 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, however, said the two projects would be at no cost to the Federal Government, saying they will be funded through Public-Private Partnership arrangement.
He said the industrial park would gulp $241.2m while the Bonny Deep Seaport will gulp $461.9m.
The minister explained, “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 Federal Government, will cost $241,154,389.31. The Bonny deep seaport will cost $461,924,369, at no cost to the Federal Government.