Dodic376:
if you're smart you won't believe this news .

Mrchippychappy:
USA and the western world are now splashing money like crazy in Africa as they are afraid of Chinese investors, dumb americans una think sey na still colonial era we dey abi? I would rather do business with the Chinese than these westerners with their "colonialist" mindset, dem give you 1 naira, dem go collect 1million back.

Oceannaagent:
A welcome development , but op why showing Buhari and Obasanjo's pictures in your story. were they the one that signed the agreement.

Investment is the key, tap into the opportunity of owning a piece of this structure and it will be yours forever. Nigeria is moving forward. call/whatsapp me now.

SalamRushdie:
Where is he going to get 10 billion dollars from to invest in a country all business intelligence show is now feasible under Buhari ..Lets be guided by all these conmen

Dodic376:
If you're smart you won't believe this news . you know what $10 Billion is ? No smart business man alive can flush their money down the drain if there's no prospects of profit. what profits is there in a third world shiithole?

Oceannaagent:
A welcome development , but op why showing Buhari and Obasanjo's pictures in your story. were they the one that signed the agreement.

Investment is the key, tap into the opportunity of owning a piece of this structure and it will be yours forever. Nigeria is moving forward. call/whatsapp me now.

Asour:

Colonial era? Weren't the USA themselves colonized?

Jonah507:

No offenses, you need a change of mentality.

GabrielYulaw:
The line is not going to the North. So, the powers that be will probably nix it

Okoroawusa:

Supported

Okoroawusa:

Supported

EliteBiz:
I don't know why, all I am seeing in this post is 10billion dollars, I can buy every nairalander a car with this money

Diso60090:






Alaye double your hustle

12inches1:
I'm very interested in why a private company would want to invest its own money in a public project in Nigeria without tolling or concession. How do they get their money back. This sounds very bogus for a company founded in 2010.

theemy:
I still prefer American companies to Chinese cos Chinese don't care about your safety all they want is their money

SBG04:
The truth of the matter is that we have always had investors willing to pump in billions of dollars into our economy but greed and corruption have always chased them away. It's either the PDP government was demanding for bribes or the President and his ministers wanted a cut.
Jonathan and Adoke, his Justice Minister, took their own cut in the Malabu oil scam before approving the deal. Atiku wanted a cut in the Siemens deal before lying to congressman, William Jefferson, that he would facilitate approval for the deal as VP and chair of the National council on Privitization. James Ibori wanted Econet Wireless to bribe him in millions of dollars in order to sustain Delta State shares in Econet.
All these things are public knowledge and can be further researched online. I wonder why then on earth anyone would want us to go back to that PDP era of graft and grand corruption. I just wonder!

VULCAN:
It's not today that govt started signing agreements.

Anybody who believes that an American coy will actually spend $10B on a railway is living a pipedream.

It will take 50yrs to recover the $10B so we know the news is all for 2019

EliteBiz:

Gbayii omo iya!!

CilicMarin:
Shah Mathias, the Founder of Ameri Metro Inc, based in the United States, said on Monday that the company was ready to invest over $10 billion in the coastal rail project from Lagos to Calabar and Calabar to Port Harcourt.

He told journalists after paying a courtesy visit on the Minister of Transportation, Rotimi Amaechi in Abuja that the project will be fully funded by the company if approved by the federal government.

Mathias said that the company has done various rail projects in the United States, and have the resources and capacity to handle rail projects in Nigeria.

“We are here to do a presentation on the high speed rail and other sustainable projects; our goal is to build a more modern rail, which we can start as soon as possible.

“We are ready to invest 100 per cent, we have been told that the project is over $10 billion, we are going to build new rail track, bring in locomotives.

“We are looking at the Lagos-Calabar coastal line and Port Harcourt, we are ready to take it over from the Chinese company since they have not been able to raise the money.”

Mr Mathias said that the company was focuses on the development of high-speed rail for passengers and freight transportation.

(NAN)


https://www.premiumtimesng.com/business/business-news/269249-american-based-company-set-to-invest-over-10-billion-in-coastal-rail-line.html/amp?__twitter_impression=true


lalasticlala Mynd44

hammer6F:
[s]COASTAL RAILWAY LINE IS A WASTE OF MONEY AND SHOULD BE SCRAPPED


WAT NIGERIA NEED IS DIVERSIFICATION OF THE ECONOMY BY BUILDING SEAPORTS IN THE SOUTHSOUTH.



WE HAVE AN ENTIRE COASTLINE IN THE SOUTHSOUTH WITH NO SINGLE DEEP SEAPORT.


ALL CARGO COMES FROM THE VERY HANDFUL OF SEAPORT IN LAGOS. [/s]