The Abuja-Kaduna Railway, executed by CCECC Nigeria Limited, stands as Nigeria’s first modern railway, marking the continent’s inaugural instance of “Made in China” and “Chinese standards” in modern rail infrastructure. Spanning a total length of 186.5 kilometers, the Abuja-Kaduna Railway adheres to Chinese railway technology standards, with a designed maximum speed of 150 km/h. This …read more →
Railway
Lagos Blue Line Rail Begins Operations as Sanwo-Olu Takes First Commercial Ride
Governor of Lagos State, Babajide Sanwo-Olu, has launched the Lagos metro train service called the Blue Line Rail by taking the inaugural commercial ride on Monday. The Governor boarded the train around 9.07 a.m. from the first coach and walked to the seventh coach. He also took it upon himself to be the ride manager, …read more →
Lagos to Spend N482 bn on Infrastructure Projects in 2023
Lagos Governor Babajide Sanwo-Olu on Friday signed the State’s N1.77 trillion “Budget of Continuity” into law to consolidate the development strides of his administration and satisfy the yearnings of the residents. The Governor said the fiscal document not only “aggressively” focus on completing ongoing capital projects, but it would also expand intervention programmes and intensify …read more →
FEC Approves $2.8m For Ibadan-Lagos, Port Harcourt-Maiduguri Rail Projects
The Federal Executive Council has approved $2.8million for the procurement of rolling stocks operational maintenance equipment for Ibadan to Kano standard gauge and Port Harcourt to Maiduguri narrow gauge railway projects. The Minister of Transportation, Rotimi Amaechi, made the disclosure when he addressed State House correspondents at the end of the Council meeting presided over …read more →
Rail Line Projects: Lagos Assembly Applauds Sanwo-Olu
The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, and his colleagues on Tuesday commended Governor Babajide Sanwo-Olu for his efforts to complete the State’s rail projects. The lawmakers also praised the governor for also expanding transportation through the waterways. This was made known to Newsmen by Eromosele Ebhomele, Chief Press …read more →
Lagos Consolidates on Infrastructure & Education in 2022 Budget
The Lagos State government has earmarked huge capital expenditure in the 2022 fiscal year to service key growth areas to consolidate the recovery of the state’s economy and positively impact residents’ livelihoods. In the proposed N1.388 trillion budget for the year 2022 presented to the Lagos State House of Assembly on Wednesday, Governor Babajide Sanwo-Olu …read more →
Nigeria To Borrow from Credit Suisse, Standard Chartered to Fund Next Stage of Railway Projects
Nigeria is negotiating a raft of loans from Chinese and European lenders to fund railway projects in the country, transportation minister Rotimi Amaechi said. Amaechi said Standard Chartered had agreed to fund $3.02 billion for the ongoing Port Harcourt-to-Maiduguri railway project. He had previously told Bloomberg that the government was in talks with Standard Chartered …read more →
Lagos Is Issuing Fresh N85 Billion Bonds To Secure the Future of its Infrastructure
The Lagos State House of Assembly said it approved the state government’s request to issue fresh bonds and take a bank loan because of the relief it would bring to the state. Governor Babajide Sanwo-Olu had asked the state legislators to approve a N85 billion special dispensation for bond redemption and for bridge loan. In …read more →
Construction of Coastal Rail Line on Track as FG Sources for Funding
The Federal Government has said that its plans to establish rail lines along coastal states across the country targeting Lagos to Calabar in Cross River state is still on course. Speaking to Journalist in Lagos, the Minister of Transportation, Mr. Rotimi Amaechi confirmed that there are plans to construct rail line along the coastal corridor …read more →
Iran, Afghanistan Open First Rail Link with Eye on Trade
TEHRAN, Iran (AP) — The leaders of Iran and Afghanistan on Thursday inaugurated the first railway link between the two countries, expressing hope it would enhance trade links across the region. The 140-kilometer (90-mile) line running from eastern Iran into western Afghanistan will eventually be expanded by 85 kilometers to reach the Afghan city of …read more →