FG concessions narrow gauge railway to GE
The Federal Government on Wednesday concessioned the narrow gauge railway to General Electric (GE), as the preferred bidder of the contract.
The ceremony, which held at the Ministry of Transportation, Abuja, marked the formal concession of the narrow gauge rail facilities to GE for investments.
The concession will see GE invest in excess of $2.2 billion into the narrow gauge rail system that traverses almost the entire country.
One trunk starts from Lagos down to Kano, and passing through several states like Ogun, Oyo, Kwara, Niger, and Kaduna. Another trunk starts from Port Harcourt through Abia, Enugu, Benue, Nasarawa, Plateau, Bauchi, Gombe and Maiduduri.
In the first instance, before 2017 ends, GE would introduce 20 locomotives and about 200 coaches to move freight and passengers even as more investments would follow.
The Permanent Secretary, Ministry o Transportation Sabiu Zakari, who represented the Minister of Transportation, Rotimi Ameachi, handed over the letter of award to the President and Chief Executive Officer, GE, Jamie Miller.
He told journalists, “the Federal Executive Council had approved the outline business case for the concessioning of the narrow gauge railway lines across the country.”
No Comments yet