Canadian firms have been urged to take advantage of the
investment opportunities in the Federal Capital Territory (FCT),
especially the Abuja Light Rail Project, which is currently under
construction.
FCT Minister, Senator Bala Mohammed who extended the invitation
listed other areas of possible investment to tourism, mass housing,
monorail and infrastructure development.
Mohammed stated this when the Canadian Minister of International
Trade, Hon. Edward Fast who is leading a 40-company Canadian Trade
Delegation on a working visit to Nigeria undertook a working tour of the light rail project .
The minister who was represented by the Secretary, FCT Transportation
Secretariat, Engr. Jonathan Achara Ivoke, explained that the rail
project which covers a distance of 285 kilometres and conceptual design
for lots 1, 2, and 3 of the rail project presently had lots 1 and 3
under construction with a programmed completion date of first quarter of 2015.
He stressed that the feasibility study and conceptual design for the
remaining Lots 4, 5 and 6 was under procurement, adding that the
remaining lots were available for concession under a design, build,
manage, operate and transfer project.
Mohammed also said about 15 stations and sub-stations were proposed
for the current phase of rail roject, depending on the availability of
other modes of transport, adding that the stations include in-line
stations which offer limited interchange facilities, bus transfer
stations and rail transfer stations which will provide facilities for
transfer between two or more rail services.
In a response, Fast who disclosed that the value of Canadian
investment in Nigeria had increased from $1 billion to $2.7 billion
stressed that the volume would continue to grow even as he said the
Canadian International Development Agency (CIDA) had extended a lot of
international assistance to Nigeria in the areas of human capital
development
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