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$5.3bn Chinese loan delaying Ibadan-Kano railway construction –Amaechi
OKECHUKWU NNODIM
The construction of the Ibadan to Kano railway will commence once the Chinese government approves its $5.3bn loan to Nigeria, the Federal Government said on Saturday.
The Minister of Transportation, Rotimi Amaechi, who disclosed this at a programme in Abuja, stated that the Federal Government had given approval for the contract.
He was quoted in a statement issued in Abuja by his media aide, Taiye Edeni, as saying, “We are waiting for the Chinese government and bank to approve the $5.3bn to construct the Ibadan-Kano. What was approved a year ago was the contract.
FG awaits $5.3bn Chinese loan for Ibadan-Kano rail line
On
By Dirisu Yakubu
The federal government will begin work on the construction of the Ibadan-Kano rail project as soon as the Chinese government approves the sum of $5.3bn loan application, Minister of Transportation, Rotimi Amaechi has said.
Amaechi, stated this as a guest of the Nigeria Television Authority, NTA, Weekend Deal Programme, monitored by our correspondent in Abuja.
He said: “We are waiting for the Chinese government and bank to approve the $5.3bn to construct the Ibadan-Kano. What was approved a year ago was the contract.
“The moment I announced that the federal government had awarded a contract of $5.3bn to the China Civil Engineering Construction Corporation, CCECC to construct Ibadan-Kano; they assumed the money had come in. No!