The Federal Government has paid its N72b counterpart fund for the modernization of the Lagos-Ibadan railway.
The Minister of Transportation, Mr Rotimi Amechi disclosed this on Monday during the quarterly Presidential Business Forum presided over by Vice-President Yemi Osinbajo at the Banquet Hall of the Presidential Villa, Abuja.
According to the News Agency of Nigeria, NAN, the project which is to be handled by China Civil Engineering Construction Company, CCECC will cost about 1.5 billion US dollars.
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