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Home » Lack Of Funds Halts Eastern Railway Project — FG

Lack Of Funds Halts Eastern Railway Project — FG

by Joshua
December 22, 2022
in News

MUAZU - SAMBO

The Federal Government on Wednesday said it will not be able to complete the narrow-gauge eastern railway corridor before the President, Major General Muhammadu Buhari (retd.), leaves office in May 2023.

It explained that the project had been stalled by the unavailability of the foreign loans required to fund it.

“Now, the truth of the matter is that if there was a promise to deliver this line before the end of this administration, this promise is no longer feasible because…funding has been a major challenge for this project,” the Minister of Transportation, Mu’azu Sambo, told State House Correspondents at the end of this week’s Federal Executive Council meeting at the Presidential Villa, Abuja.

Sambo disclosed that the contractor in charge of the project, China Civil Engineering and Construction Company complained of incessant attacks on its workers around the Abia State axis of the rail corridor.

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