FG awaits Chinese $5.3bn to start Ibadan-Kano rail-line

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 The Minister of Transportation,  Rt. Hon. Chibuike Rotimi Amaechi has said that the federal government would commence the construction of the Ibadan to Kano rail project this year when the Chinese government approves its $5.3 billion dollars loan.

Amaechi, who spoke when he appeared on the NTA Weekend Deal Programme in Abuja, said that what was approved by the government was the approval for the contract.

“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 announce that FG has awarded a contract of $5.3bn to CCECC to construct Ibadan-Kano, they assume the money has come in, no.

“Up to now we have not gotten the money a year after we have applied for the loan, we have almost finished the one of Lagos-Ibadan. If we don’t get the loan now, we can’t commence,” he added.

Amaechi further stated that when the Ibadan-Kano rail would link six areas which are Kaduna-Kano-Abuja-Minna-Ilorin-Oshogbo-Ibadan where cargoes could be moved to Kano from Lagos.

Reacting on the issue of wet cargoes on the road causing accidents,  he said that for now, cargoes can only go from Lagos to Ibadan.

He stated that when the Ibadan to Kano rail project is completed wet and dry cargoes can be transported from Lagos to Kano.

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