$5.8bn loan :Amaechi Says S/ East States Included in Rail Projects

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Amaechi, Transportation Minister

The Minister of Transportation, Sen. Chibuike Amaechi, Thursday, defended the inclusion of the South East States in the rail line projects of the railway networks across the country for which Nigeria is seeking a whopping $5.8billion loan from China and which is subject to the approval of the National Assembly .

Ameachi said at the National Assembly during his invitation by the Senate Committee on Local and Foreign debts explained the technicalities of the rail line project before the loan request from the China Exim Bank can get the approval of the lawmakers.

The Minister further explained that President Olusegun Obasanjo and President Goodluck Ebele Jonathan had already applied for the loan while all the present administration wants to do is to implement.
According to the Minister, “I do not know where the information that the South East States is excluded in the rail projects is coming from.”