The Federal Government of Nigeria has approved the rehabilitation and reconstruction of the Port Harcourt-Maiduguri Eastern Narrow Gauge railway project, Bonny Deep Seaport construction and a railway park in Port Harcourt.
This was disclosed by the Minister of Transportation, Chibuike Amaechi after the virtual FEC meeting presided over by President Muhammadu Buhari at the Council Chamber, Abuja yesterday.
He said “The railway line will be at the cost of $3,020,279,549. The industrial park, which is under PPP, at no cost to the federal government, will cost $241,154,389.31. The Bonny deep seaport will cost $461,924,369.”
“The Port Harcourt to Maiduguri narrow gauge railway will have new branch lines: from Port Harcourt to Bonny and from Port Harcourt to Owerri are new lines. There’s another connecting to narrow gauge to standard gauge at Kafanchan,” he added.
The Minister, furthermore noted that the deep seaport and the rail industrial park is at no cost to the government as they will be funded through the Public, Private Partnership, PPP, arrangement.
