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LequteMan
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Nigeria's Transportation Minister, Rotimi Amaechi, has stated that government needs more time to negotiate a railway concession deal with General Electric, GE.
There are talks about Nigeria grating GE a railway concession worth around $2 billion but no details have emerged yet.
Speaking on Wednesday, Amaechi said more time is needed to finalize the talks.
“GE is proposing a two-year rehabilitation of the rail tracks to be carried out by them and to have a concession period of 25 years within which to recover their investment,”
“The government has not agreed and that is what our advisers will sit with GE to agree,” he said.
There are talks about Nigeria grating GE a railway concession worth around $2 billion but no details have emerged yet.
Speaking on Wednesday, Amaechi said more time is needed to finalize the talks.
“GE is proposing a two-year rehabilitation of the rail tracks to be carried out by them and to have a concession period of 25 years within which to recover their investment,”
“The government has not agreed and that is what our advisers will sit with GE to agree,” he said.
