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