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FG, CCECC Sign MoU for $11.117bn Lagos-Ibadan, Calabar-PH Railway Contract

The federal government on Friday signed the Memorandum of Understanding MoU on the lagos-Ibadan and Calabar-Port Harcourt railway projects with the China Civil and Engineering Construction Company (CCECC) for $11.117 billion, saving $800 million from the initial estimated value of $11.917 billion. The contract which is considered the largest and most ambitious in the country’s rail project will connect the South west and South east political zones will terminates at the various sea ports.
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