Engineering Construction Corporation (CCECC) on the construction of the
Lagos-Calabar Coastal Railway project. The Minister of Transportation, Rotimi
Amaechi who signed on behalf of the Federal Government, said the contract is
an addendum to the Lagos-Calabar Coastal Railway project which was initially
awarded by the former President Goodluck Jonathan’s Administration to CCECC
at a contract sum of $11.917 billion disclosing that at the inception of
President Buhari Administration,
the Federal Government renegotiated the contract with the Management of
CCECC and agreed at a contract sum of $11.117 billion thereby saving a
whooping sum of $800million. Amaechi reiterated that the Federal Government
has completed the signing of the same contract with a different contract sum in
order to legalize the new deal. “What we have done today is signing same
contract but different contract sum to make it legal”, he said.
He said part of the contract agreement with CCECC is to expedite action and
conclude arrangement with the China-Exim Bank to facilitate the
commencement of work on the Railway project noting that his desire and
expectation is the completion of the project in two years. On the funding of the
project, the Minister assured that funding would not pose any hindrance to the
smooth commencement and final completion of the Lagos-Calabar Coastal
Railway project.
“President Muhammadu Buhari has assured me that he is committed to the
development of the Railway Sector in Nigeria and would not leave any ‘stone
unturned’ to achieving that dream”, he said. Explaining further, Amaechi said
his Ministry’s determination is to conclude the 1st and 2nd segments of the
projects which run through Calabar-Uyo-Aba-Port Harcourt-Yenogua-Otuoke-
Ughelli-Warri-Sapele-Benin-Ore-Ijebu-Ode-Lagos with a target of covering all
the Seaports along those Routes in good time.
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