The Minister for Aviation, Mr. Rotimi Amaechi disclosed that General Electric (GE) would commence commercial activities for both cargoes and passengers before October.
The Minister in a recent interview in Abuja said the Federal Government has signed a $45million interim phase agreement with GE for the concession of narrow gauge rail lines in the country.
According to him, rehabilitation of the rail lines, the management of the transportation and Nigerian Railway Corporation (NRC) participation in commercial activities is included in the interim phase.
“We came to conclusion on the narrow gauge, the interim phase of the narrow gauge, to enable us begin the initial rehabilitation of the rail lines so that we can commence commercial activities.
“Both in terms of cargoes, freight, and transportation, we have signed the initial and temporary agreement.
“We have also agreed on the main agreement which will cost $45million for the interim phase and $2.7billion for the entire project.”
Amaechi also stated that following the interim agreement, GE would be bringing in 10 coaches and 100 wagons and also 10 locomotives and coaches would be repaired.
He also said that GE’s intention is to move to the main phase after completing the interim by January.
He however, said that by January, GE intends to complete the whole interim process and move to the main phase.