The Federal Executive Council, FEC has approved the award of contracts for the rehabilitation and reconstruction of the Port Harcourt – Maiduguri eastern narrow gauge railway.
The meeting was presided over on Wednesday by President Muhammadu Buhari in the Council Chamber of the Presidential Villa, Abuja.
Minister of Transportation, Hon. Rotimi Amaechi, made the disclosure in Abuja when he briefed journalists on the outcome of the 18th virtual meeting of the FEC.
Speaking, the Minister stated that the council approved the construction of a new deep seaport in Bonny under Private-Public- Partnership, PPP programme and the construction of a railway industrial park in Port Harcourt.
Amaechi said, “The Federal Executive Council today approved the award of contract for the rehabilitation and reconstruction of the Port Harcourt to Maiduguri Eastern Narrow Gauge Railway, with new branch lines and trans-shipment facilities.”
The Minister further revealed that FEC also approved the construction of a deep seaport in Bonny under PPP and construction of a railway industrial park in Port Harcourt.
He stated that the railway line will be at the cost of $3,020,279,549, adding that the industrial park, which is under PPP, at no cost to the federal government, will cost $241,154,389.31.
According to the Minister, “The Bonny deep seaport will cost $461,924,369, at no cost to the federal government.”
“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” Amaechi said.