FG tasks General Electric CEO on $2b East-West rail project

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The Vice President, Prof. Yemi Osinbajo, on Tuesday in Abuja urged a delegation from General Electric (GE) led by its Global Chief Eexecutive Officer, Jeff Immelt to speed up its infrastructural engagements in Nigeria. 

One of such engagements according to the Vice President is the proposed concessioning deal of the East-West lines of the Nigeria Railways to General Electric-GE- for which the firm would be investing $2B into the Nigerian economy.

Prof. Osinbajo also made reference to the refurbishment of the single-gauge lane of the lines and the building/assembling of train coaches in Nigeria.

The  Vice President said:“it is important we move quickly this year and get things done, whatever it is that is required to make things move faster, let us know.”

In his remarks, Immelt was quoted in a statement issued by Senior Special Assistant on Media and Publicity to the President,Office of the Vice President, Laolu Akande as saying  2017 is critical for the different GE projects in power, gas and transport infrastructure in Nigeria.

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  The Transport Minister, Rotimi Amaechi, Power, Works & Housing Minister Babatunde Fashola and Finance Minister Kemi Adeosun were also in attendance at the meeting in the Presidential Villa.
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