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.
Okay
ReplyDelete...merited happiness
Nice one! Linda take note!
DeleteOk
DeleteWhat a muthafucking Joke!!!!!!! $11 billion dollars on a train from Lagos to calabar. And I bet you it will come out looking like shit. For this amount you can build railway tracks to the US.
DeleteOkies....
ReplyDeleteGOOD TO SEE
ReplyDeleteAUNTY LINDA....
probably give construction of the first segment 5 years from today. They haev not secured the money yet.
ReplyDeleteLol if u like amechi dey there they think we have not forgotten what u did. Those avengers still would want ur dick in a plate
ReplyDeleteShai.... Dick in the plate.... Crying already... Lols
Delete... ..... Liber maniac....
ok
ReplyDelete-D great anonymous now as Vivian Reginalds
No be only!...another propaganda...where the money?
ReplyDeleteI hope na same quality Mr Rotimi. We don't want cheap things that may not last
ReplyDelete#proudnurse#
I hope so too cos it's easier to say I saved $800m, but on same dimensions and terms?
DeleteAmeachi is working
ReplyDeletelaudable development that will foster economic growth & good transportation network and reduce the burden on the existing motorway. Thumbs up Hon Amaechi,However, there is the need for us to complete the Ibeju -Lekkicoastal road that will link communities along that axis. BRF, Minister of Works pls do not forget the coastal road project.
ReplyDeletelaudable development that will foster economic growth & good transportation network and reduce the burden on the existing motorway. Thumbs up Hon Amaechi,However, there is the need for us to complete the Ibeju -Lekkicoastal road that will link communities along that axis. BRF, Minister of Works pls do not forget the coastal road project.
ReplyDeleteIt's only laudable if it's not propaganda and deceit, it's difficult to trust a government that governs by deciet...
DeleteAmeachi the Lion of Niger-Delta
ReplyDeletelaudable development that will foster economic growth & good transportation network and reduce the burden on the existing motorway. Thumbs up Hon Amaechi. However, there is the need for us to complete the Ibeju -Lekkicoastal road that will link communities along that axis. BRF, Minister of Works pls do not forget the coastal road project.
ReplyDeleteNice one! Hop it's not gonna be like d one of badagry to CMS dat is taking ages to complete!
ReplyDeleteOr the port Harcourt light rail project....,,,
DeleteA pity this projected side tracked a significant part of igboland.. A pity
ReplyDelete