The Lagos-Ibadan railway project is being executed in the spirit of transparency and accountability which the administration stands for. Nigeria
Against report in section of the media that Lagos-Ibadan rail project cost was over-bloated, the Permanent Secretary, Federal Ministry of Transportation, Mr. Sabiu Zakari, said that the contract sum of the Lagos-Ibadan railway project is $1.6 billion as against the $2 billion allegedly reported and that the cost index/km is $4.09 million as against the S$13.6 million being brandied.
This clarification is coming against the backdrop of a report that Ghanaian-European Railway Consortium had agreed to construct a 340-kilometre standard gauge railway line in Ghana for $2.2 billion and that the Ghanaian authorities had turned down China Civil Engineering Construction Company owing to high cost of the project and decided to employ the services of a European firm with a lower contract sum.
He further explained that the Lagos-Ibadan railway track is actually 386 kilometres since it is a double track rail-line as against the 156 km alleged which is just the distance from Ebute Metta and Ibadan terminal stations only.
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