The sum of $411 million has so far been spent on the Abuja Light Rail project, the Federal Capital Territory (FCT) director of Transportation and Light Rail Project Implementation Unit, Engineer Kashim Ali has said.

According to him, of the said amount, $249 million has been spent from the $500 million Chinese EXIM Bank loan which the federal took while $162 million has been spent by the federal government.

The director who disclosed this when the chairman of the Presidential Committee on Subsidy Re-investment Project (SURE-P) General (Rtd) Marthin Luther Agwai led other committee members on a tour of the project, said work on the project which has attained 52.7 per cent commenced in 2009 but was stalled due to paucity of fund.

“What we have here is what we call Lot 1A and 3 of the Abuja mass transit system. The system has six lots covering a total length of about 300 kilometers. What we are doing now is 45.245kilometer. The Lot 3 takes off from the Central Business District around where you have the NNPC Mega station, that’s the Metro Station and runs all the way through Idu here to airport.

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http://monitor9ja.com/2014/08/abuja-light-rail-project-gulps-411m-far/