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Nairametrics

I-N-C-R-E-D-I-B-L-E: FEC Approves N1.3bn For Feasibility Study of Standard Rail Lines

Nairametrics by Nairametrics
July 17, 2014
in Uncategorized
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I wasn’t sure of what I saw when I saw this article in Thisday!! See it yourself.

Federal Executive Council Wednesday approved N1.3bn for standard rail feasibility study on six rail lines.

The approval of the contractual sum was announce by Minister of Information, Labaran Maku shortly after the weekly FEC meeting while briefing State House Correspondents jointly with Transpot Minister, Idris Umar, as well as Minister of Trade and Industry, Dr. Olusegun Aganga .

On his part, Umar told journalists that how viable the project will be, and its economic gains in the selected rails corridors was part of the contract.

Both rail stations and environmental impact in the selected rail corridors, were also part of the feasibility study.

According to the minister, the six rail lines will cover 4430 kilometers, with 6 months completion period.

He listed the  corridors as Kano/ Dai/Jimbia an approximate distance of 354KM, Ilela/Sokoto/Jega / Kontagora, 408km, Aba/ Ikot Ekpene/ Itu/ Uyo / Uduopkani/Calabr, covering a total distance of 340km, Kano/ Nguru/ Geshua/ Damaturu/ Maiduguri/ gamburu Ngala, covering 707 Km, Calabar/ Ikom/ Obudu/ Ogoja/ Katsina Ala/ Wukari/ Jalingo/Yola/ Maiduguri 1669km.

Details to follow

$1.3 b for a feasibility study???

Thisday

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Tags: News Review
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Comments 1

  1. Anonymous says:
    July 17, 2014 at 2:14 pm

    $1 billion to fight terrorism, N1.3 billion for feasibility studies…2015 election is here!

    Reply

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