The Oyo State Governor, Seyi Makinde, disclosed that the state has plans to invest for 15% equity in the proposed dry port. He also disclosed that the Lagos-Ibadan rail corridor would have a business district created around it.
The Governor disclosed this in a meeting with Transport Minister, Rotimi Amaechi, on Friday.
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What Makinde said about transport development in Oyo
“We visited the Ibadan railway station and the dry port. I restated that our state government is prepared to invest to get 15% equity in the dry port.
I also confirmed that we had reconstructed the major road around the rail corridor – the 65km Moniya-Ijaiye-Iseyin road. And that our plan is to create a business district around the rail corridor which will include total reconstruction of link roads in the area,” Makinde stated.
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What you should know
Full commercial train services commenced on the Lagos-Ibadan rail line after train operations commenced on December 7, 2020, linking major cities in the South West including Lagos, Ibadan and Abeokuta.
Other states have also commenced plans for a dry port with Kano State disclosing that its inland port will cost $27 million and would be completed fully in December.