Lagos-Ibadan New Rail Project To Begin Feb – FG

The Federal Government will commence the construction of a standard gauge rail line from Lagos to Ibadan next month, the Managing Director, Nigerian Railway Corporation, Mr. Fidet Okheria, has said.
The project, which has been awarded to the China Civil Engineering Construction Corporation, is being jointly funded by the Nigerian and Chinese governments, and will cost about $1.5bn (N458bn).

Already, the Federal Government has made its counterpart funds available, while China promises to release its own by the end of this month, according to Okheria.

This is coming about six months after the Federal Government and the CCECC signed an agreement for the project.