Infrastructure building
Projects like this have been approved in the past and huge sums have been spent, but projects are not always completed. This project began in 2006, but ran out of money. Where did the money go? Lots of Nigerians would like to know. Watch for results in 2015.Nigeria Signs U.S.$1.49 Billion Railway Deal With China
The Federal Government yesterday said it had signed a $1.49 billion contract with China Civil Engineering Construction Company (CCECC) to build a railway between Lagos and Ibadan.
The contract has a completion period of 36 months.
Briefing State House correspondents… Information Minister Labaran Maku said… "when completed, [the railroad line] would generate employment for about 5000 Nigerians. Work on the project commenced in 2006 but could not be completed because of lack of funds."…
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Labels: capacity, corruption, infrastructure, Nigeria
posted by Ken Wedding @ 6:00 AM
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