General Electric To Start Rail Operations In Nigeria Next Week
The plan has been on for some time now, after American multinational corporation, General Electric won the concession bid for Nigeria’s narrow-gauge lines from the federal government.
Now, by next week, GE will officially commence operation on the narrow-gauge rail network, according to the Managing Director of the Nigerian Railway Corporation, NRC, Fidet Okhiria.
GE, in the interim phase of the concession agreement, is expected to run the rail’s major network, from Lagos to Kano, with 200 wagons and 10 locomotives.
The interim phase, which is for 12 months, is expected to enable both parties – GE and NRC – to address grey areas in the concession documents before the actual take-off of the main or tenured agreement.
Okhiria however told reporters in his office that while the interim framework was signed between government and GE in May, the finer details, which involve the signing of the memorandum of understanding (MoU) with individual firms that made up the GE consortia, had not been signed.
He said: “What we have signed is the interim framework. We are yet to sign the individual agreements with each of these firms that make up the GE consortia.”
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