Wednesday, 8 May 2019

LAGOS, ABEOKUTA, IBADAN RAIL PROJECT TO COMPLETE MAY 2020

Chinese Officials during the briefing
The much talked about Lagos, Abeokuta, Ibadan rail modernization project being handled by China is set to complete May 2020.

Speaking with media during the a press briefing to appraise the just concluded Belt and Road Forum held in Beijing, China, Commercial officer of the Embassy of the Peoples Republic of China in Nigeria Liu Jungsheng said the project which is being handled by CCECC, a subsidiary of China Railway Construction Corporation CRCC is expected to extend to Apapa ports and will cost 1.581b dollars to complete.

Liu also said the Export Import Bank of China EIBC provides 80.14% of the funding which amounts to 1.267b dollars while Nigeria committed 19.86% which amounts to 314m dollars.
Guan Zhonqui, Acting Counsel General, Embassy of PRC Lagos
According to the diplomat, the three years project commenced May 2017 and will adopt the Chinese double track standard with a designed speed of 150km per hour.

He says “construction work commenced simultaneously in different sections of the project with over 10,000 foreign and local employees and over 1,600 sets of equipment on site.  The project has been progressing with safety, quality and efficiency despite the rainy season and various obstacles with over 80% of the job already done. 
Chinese Commercial officer Liu
With the rate of work going on at the pace of 2km daily, it is expected that the remaining 20% will be concluded by May 2020”

Earlier during the briefing, the Acting Consul General of the Embassy of the People’s Republic of China in Lagos Guan Zhonqui had enumerated the many gains of the Belt and Road Initiative conceived by the Chinese leader Xi Jinping in 2013 adding that the second “Belt and Road Forum is the most important event in China in 2019”.


In his words “world leaders who attended the forum reached broad consensus on high quality cooperation delivering substantial results”.

By Fred Iwenjora

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