Amaechi made this known on Monday, January 23, 2017 at the Presidential Business Forum in Abuja.

He disclosed that the Federal Government has released the counterpart fund for the construction of the mordernisation railway project.

While thanking the Minister for finance, Amaechi said the counterpart funding was released in full so as to avoid delay in the project implementation.

In his words: “The construction of Lagos-Ibadan Railway, the Minister of Finance has been kind enough to release the counterpart funding in full.

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“I think in the history of Nigeria this is first time that we are releasing counterpart funds in full so that there will be no delay since the Chinese loan appears to have been approved."