Lagos Governor Seeks Investors for $1.9 Billion Rail Project at Africa Investment Forum

Babajide Sanwo-Olu, the governor of Lagos, has expressed interest in seeking investors for the proposed $1.9 billion purple and green rail lines at the ongoing Africa Investment Forum (AIF) Market Days in Rabat, Morocco. Sanwo-Olu highlighted the project as a promising investment opportunity with significant returns.

The purple rail line, a 60 km electrified rail system encompassing 16 stations, is expected to serve over 300,000 passengers daily, reducing greenhouse gas emissions by encouraging a shift from road to rail transportation. He detailed the immediate need for $866.05 million for survey, design, and civil works, and outlined short-term and long-term funding projections. The governor emphasized a broader transportation master plan aimed at enhancing connectivity, reducing traffic congestion, and improving public health

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Africa Offers Unparalleled Investment Opportunities: Adesina at 2024 AIFAdesina's remarks at the 2024 Africa Investment Forum (AIF) in Rabat highlight Africa's growing food market, infrastructure investment opportunities, and population growth, positioning the continent as an attractive investment destination.
Bron: thecableng - 🏆 2. / 80 Lees verder »

Governor Abdulrazaq flaunts Kwara’s investment in creative economy as Nollywood actors converge on IlorinThe occasion was the Best of Nollywood (BON) awards held at the Sugar Factory Film Studio in Ilorin to honour distinguished individuals in the movie industry with awards in different categories
Bron: PremiumTimesng - 🏆 3. / 78 Lees verder »