President Muhammadu Buhari will inaugurate the construction of Kano -Kaduna rail project in the next weeks, the Minister of Transportation Rotimi Amaechi disclosed on Friday in Abuja.
The minister, who was speaking at the weekly Presidential Media briefing organised by the State House Media Unit, said already all contracts for the projects had been awarded while the loan for the project was not forthcoming from China as earlier planned.
He said the project would now be funded from the ministry budgetary allocation as the Federal Government would not continue to wait endlessly for the loan.
According to him, the Federal Government has already paid 218million dollars to the contractors, saying additional 100million dollars will be paid to them, making it 318million dollars.
“In the next two weeks, we should be launching and commencing immediately the construction of Kano-Kaduna rail project.
“The reason why we are commencing construction immediately is that all the necessary contracts have been awarded.
“We have been waiting for the loan for too long from China and the money has not come.
“So, we decided to fund it from the budget. We already paid 218million dollars to them and we are about to pay another 100million dollars to make it about 318million dollars.