A decade after it was first conceived, Nigeria’s ambitious high-speed (bullet) train infrastructure project is edging closer to execution, after its promoters announced they have nearly secured the required government approvals and presented proof of funds for the $60 billion scheme.
On Tuesday in Abuja, representatives of the federal government, De-Sadal Nigeria Limited, and China Liancai Petroleum Investment Holdings Limited revealed that construction would soon begin on the 4,000-kilometre network linking Lagos, Abuja, Kano, and Port Harcourt.
“Today, with our partners, I have just presented the official approval form for the project. The fund is coming from the Asian Development Investment Bank and it is to cover the first phase of the project that cuts across four major cities in Nigeria” Samuel Uko, chief executive officer of De-Sadal, a logistics investment firm, said.