Nigeria In Talks With Transnet For Railway Concession –Amaechi

Nigeria In Talks With Transnet For Railway Concession –Amaechi

The Nigerian Government is in talks with Transnet for the nation’s railway concession after General Electric handed the leadership of the consortium to the South African firm, the Minister of Transportation, Mr. Rotimi Amaechi said.

The firm said on Thursday that it had handed over the leadership of the consortium chosen to run the rail concession to Transnet.

According to Amaechi while speaking to a government delegation in Abuja, they are in talks with Transnet. When they conclude, they will sign the concession agreement and they will rehabilitate the entire 3,500 kilometers of railways.

They signed an agreement with Nigerian authorities in April to proceed with the interim phase of the narrow-gauge concession that is expected to grow freight haulage capacity in the country ten-fold to 500,000 metric tons annually.

 

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