Adedayo Akinwale in Abuja The Nigeria Railway Corporation (NRC) has accused the Federal Executive Council (FEC) of terminating the rehabilitation of the N72.34 billion eastern railway line from Por…
The Nigeria Railway Corporation has accused the Federal Executive Council of terminating the rehabilitation of the N72.34 billion eastern railway line from Port Harcourt to Maiduguri despite the fact that the contractors have achieved more than 80 per cent of its completion.
He said following the termination of the contract, which was more than 80 per cent completed, the FEC rewarded the contract at the cost of $3.2 billion. He said the first segment of the contract from Port Harcourt to Makurdi was awarded to Eser Contracting Industry for a sum of N19.63 billion and the contract duration was initially for 10 months.
He explained that the third segment was from Kuru to Maiduguri, which was awarded to Lingo Nigeria Limited at the sum of N23.72 billion fot duration of 10 months.
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