FG approves $2.3 billion for coastal rail line

The Federal Government has approved $2.3 billion for the development of a rail line that will run through coastal states in the country.

This was disclosed by the Minister of Transportation, Rotimi Amaechi in Abuja.

Mr Rotimi said the rail line would transverse Lagos, Delta, Anambra, Benin, Rivers and Cross River states, with connections to the central rail line that goes to Abuja.

The sum would come as a loan from China, while the Federal Government would provide $500 million as counterpart fund.

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