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Federal Government Nigeria, GE sign agreement on rail concession

The agreement followed the award of preferred bidder to GE by the Federal Government in May 2017.

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Federal Government signs agreement with GE on rail concession play

L-R Neil Mackin, Manager – Business Development, APMT Nigeria; Thomas Konditi, CEO & President, GE Transportation Africa; Honorable Rotimi Amaechi, Minister of Transportation; Mr. Ding Zhengguo, Chairman, PowerChina International Group Ltd; Petrus Fusi, Chief Executive, Transnet International Holdings; Standing- Lazarus Angbazo, CEO & President, GE Nigeria; Fola Oyeyinka, SSA, Economic Matters to the President and Eyo Ekpo, Business Development Executive, GE Transportation at the signing of the Interim Phase agreement for the Nigerian narrow-gauge railway concession in Washington D.C. last Friday

(NAN)

An  International Consortium led by GE  has signed an agreement  with Nigerian officials in Washington D.C. to proceed with the Interim Phase of the Nigerian narrow-gauge railway concession.

The agreement followed the award of preferred bidder to GE by the Federal Government in May 2017.

Initiated by General Electric, the world’s premier digital industrial company, the Consortium is comprised of SinoHydro, a leading infrastructure construction services corporation, Transnet, a leader in transportation and logistics infrastructure management and APM Terminals, a global port, terminal and intermodal inland services provider.

play Federal Government signs agreement with GE on rail concession (NAN)

 

In the interim phase of the rail concession, Remedial Works will be carried out on part of the narrow-gauge rail line system to make it technically and economically operable. Additionally, a joint operation will be established between the Consortium and the Nigeria Railway Corporation (NRC) with an initial supply of 10 locomotives and 200 wagons to augment the existing rolling stock in Nigeria.

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