Jonathan Approves Construction of New Lagos-Calabar Railway Line

Nigeria's President Goodluck Jonathan has approved the construction of a new railway line linking business hubs Lagos and Calabar, with an extension to the Obudu ranch, #Punch reports.

Extract:

President Goodluck Jonathan on Tuesday announced that the Federal Government had signed a Memorandum of Understanding for the construction of a new railway line that will run from Lagos to Calabar and also extend to the Obudu Cattle Ranch.

The President made the announcement when he performed the groundbreaking of the second cement line being constructed by the United Cement Company of Nigeria Limited in Mfamosing, Akamkpa Local Government Council of Cross River State.

This came just as Chairman of the Board of UniCem, Mr. John Coumantaros, said the additional 2.5-million-metric-tonne per annum line would be constructed at the cost of N84bn, adding that the project, which is expected to be completed in 2016, would bring the production capacity of the company to five million metric tonnes per annum.

Jonathan, who was represented by Vice- President Namadi Sambo, said it was commendable that barely five years after UniCem unveiled its first line of 2.5 million metric tonnes, the company had already concluded plans to double its production capacity.

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