CHINES LOAN:AMAECHI ANNOUNCES DELAY IN RAIL PROJECTS

The Federal Government has blamed delay in completing some major projects, including railways, on paucity of funds.
Minister for Transportation, Rotimi Amaechi, who spoke to newsmen, hinted that the Chinese have stopped funding Nigerian government projects, leading to shopping for loans in Europe to complete existing jobs.
The minister, however, noted that the Abuja-Itakpe railway, which will link the existing Itakpe-Delta rail line, is under way.
He said the link rail would have been completed but for misunderstanding with a Chinese contractor.
He assured that once the issues surrounding the project are resolved, work would begin on the route.