Again, Amaechi Urges National Assembly To Halt Probe Of Chinese Loans
Amaechi, who spoke at the weekend during the inspection tour of the projects, said this could hinder the Federal Government from accessing a $5.3 billion loan request from China to kick-start the Ibadan-Kano part of the rail project.
He said the ministry was ready to commence the project but was still waiting for funding.
He said: “The National Assembly should stop this investigation of loan. They are not investigating corruption of construction. What we meant is that they should allow us to get the loan for Ibadan-Kano, which is about $5.3 billion, because if the Chinese government have the feeling that you don’t like the way they lend you money, they may withdraw their loan offers.”
He said that the construction companies had been asked to return to sites while adhering to the COVID-19 protocols as directed by the Nigeria Centre for Disease Control (NCDC).
The minister, who expressed displeasure with the delay in finishing the train stations, said that the Federal Government would not sit and fold its hands because of the pandemic, but would see to it that all projects are completed.
Amaechi said he was hopeful the Lagos-Ibadan standard gauge rail projects would be ready by January 2021.
He said that the setback in meeting the completion deadline was due to the COVID-19 pandemic.
