The sum of $3.02bn has been approved by the Federal Executive Council(FEC) for the rehabilitation of the Port Harcourt-Maiduguri eastern narrow gauge railway as well as $461,924,369 for the construction of the Bonny Deep Seaport , even as it has been said that it will be at no cost to the Federal Government.
The minister of Transportation, Rotimi Amaechi, who disclosed this in Abuja yesterday said the approval of the construction of a new deep seaport in Bonny is under PPP as well as the construction of a railway industrial park in Port Harcourt.
According to the Minister, “The railway line will be at the cost of $3,020,279,549. The industrial park, which is under PPP, at no cost to Federal Government, will cost $241,154,389.31.
“The FEC has approved the award of contracts for the rehabilitation and reconstruction of the Port Harcourt-Maiduguri eastern narrow gauge railway, with new branch lines and trans-shipment facilities.
“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 is another connecting narrow gauge to standard gauge at Kafanchan. There is a branch line from Gombe or before Maiduguri to Damaturu and Gashau”, he pointed out.