The Niger Delta Development Commission has reiterated that the Memorandum of Understanding with a US-based firm, Atlanta Global Resources Inc., to build a railway network that will connect the nine states of the Niger Delta region is to commence the preliminary processes of feasibility and viability of the rail project.
“It is only after the preliminary studies, that the finance appraisals will be done and then the civil engineering procurements and the locomotive hardware will be considered.
The NDDC added that it was aware that a partnership agreement for a massive project such as a railway network involves many international and national financial protocols. “The prospects of realising the rail network are very good and we are confident that we will succeed ultimately.
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