Buhari, Chinese leader discuss rail, power projects in S’Africa
Forum on China/Africa Cooperation (FOCAC) taking place in Johannesburg tomorrow.
At the forum, President Buhari is expected to follow up his meeting with the Chinese leader, Xi Jinping, which took place on the sidelines of the United Nations General Assembly meeting early last month in New York, U.S.A.
President Buhari had indicated to Xi Jinping at the bilateral meeting in New York that he wanted China to re-commence stalled rail projects under new terms that would see China providing nearly all the financing required.
Of particular interest is the coastal railway project stretching for 1402 kilometers linking Lagos in the West with Calabar in the East, a project that is expected to be financed with $12 billion Chinese loan and which will create about 200,000 jobs.
Another rail project that would be up for renegotiation, according to a statement by the Senior Special Assistant on Media and Publicity, Garba Shehu, is the $8.3billion Lagos-Kano standard gauge modernization project, of which only a segment, Kaduna-Abuja, has reached completion stage.
“Besides, President Buhari is also expected to discuss ways of removing all obstacles in the way of the 3,050 MW Mambila Power Station, considered a strategic project which was conceived in 1982 but has not taken off.”
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