The federal government has approved $2.7 billion for the completion of Abuja-Kaduna-Kano gas pipeline.
The council also approved the sum of N3 billion for Ikorodu Lighter Terminal.
Another $500 million contract was also approved for rolling stocks, coaches, wagons, locomotives for Lagos- Ibadan and Itakpe-Wari railways.
Minister of State for Petroleum Resources, Ibe Kachikwu and the Minister of Transportation, Rotimi Amaechi disclosed these while briefing State House correspondents yesterday after the FEC meeting presided over by Vice president Yemi Osinbajo at the Presidential Villa.
Amaechi said, “FEC approved award of contract for the Ikorodu lighter terminal and the contractor is to carry out the rehabilitation ‘qua wall and qua apron.’ Another contract was approved to provide security at the waterfront and patrol boats for NPA.
Also speaking at Papalanto in Ogun State after the inspection of the on-going construction of the Lagos-Ibadan Standard Gauge Railway line yesterday, Amaechi noted that provision has been made in the 2018 budget for the completion of the project which was abandoned for the past 34 years.
The Minister said that the completion of the project will boost the manufacturing of steel at the Ajaokuta Steel Rolling Mill.
Regarding the Lagos-Ibadan Standard Gauge Railway line, he noted that the acquisition of the Right of Way will be completed by January next year, while the laying of tracks will commence by April (three months later).
According to him there have been various challenges faced in the clearing of the Right of Way such as gas pipelines, water logged terrains, high-tension electricity wires and overhead bridges.
He added that discussions are ongoing with the relevant agencies and organizations with a view to relocate the pipelines and reconstruct the bridges as the case may be.