President Buhari has approved the rehabilitation and reconstruction of the Port Harcourt-Maiduguri rail line.
Minister of Transportation, Rotimi Amaechi, disclosed this while briefing the virtual meeting of the Federal Executive Council (FEC), presided over by President Muhammadu Buhari.
Amaechi revealed that FEC also approved the construction of a new deep seaport in Bonny, under PPP and the construction of a railway Industrial park in Port Harcourt.
The Minister who disclosed that the railway line will be at the cost of $3,020,279,549, added that the industrial park, being executed under a Public, Private Partnership PPP, arrangements, is” at no cost to federal government, but will cost $241,154,389.31.
“The Bonny deep seaport which will cost $461,924,369, is at no cost to the federal government” he said.
The Port Harcourt to Maiduguri narrow guage railway is expected to have new branch lines, from Port Harcourt to Bonny and from Port Harcourt to Owerri
“There’s another connecting to narrow guage to standard guage at Kafanchan. There is a branch line from Gombe or before Maiduguri to Damaturu and Gashau. That’s what has been approved,” he said.