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Published On: Tue, Sep 4th, 2018

Investors to manage Abuja Light Rail – Opeifa

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By Stanley Onyekwere

The Federal Capital Territory Administration (FCTA) had revealed that a lot of investors are likely to indicate interest to manage the Abuja Light rail system which has just been completed.
According to Secretary in charge of Transportation, Comrade Kayode Opeifa disclosed this while briefing journalists on the sideline of the ongoing 2018 Summit of Forum of China and Africa Cooperation, (FOCAC), in China.
Opeifa said the coming on board of the investors will free government of the burden and huge cost of running the rail system which is both difficult to build and manage.
The transport scribe who briefed journalists on the full components of the Abuja light rail project, also revealed that the project was partly financed by the China Exim Bank, Cooperation of the Chinese government and also partly by the Federal Capital Territory Administration.
Opeifa noted that, “ Phase 1 of the rail project has been completed and phase 2 contract has been signed and we are waiting for financing.”
Speaking on the benefits of the comprehensive benefits of the FOCAC summit to the FCT, the Secretary explained that, “ FCT is the fastest growing city of the world and Africa and you can only imagine the amount of investment the Chinese want to bring in.
“FCT has the population; Nigeria has the population and China has the financing. So there could not be a better time for Nigeria and China as well as FCTA and Chinese investors to partner on infrastructural development.”

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