Nigeria has signed $45 million interim phase agreement with General Electric (GE) for the concession of narrow gauge rail lines in the country.The Minister of Transportation, Mr. Rotimi Amaechi, said in Abuja on Tuesday that the total money to be invested in the project was $2.7 billion after the whole agreement was concluded.

According to him, the interim phase include the rehabilitation of the rail lines, the management of the transportation and Nigerian Railway Corporation (NRC) participation in commercial activities.

“We came to conclusion on the narrow gauge, the interim phase of the narrow gauge to enable us begin the initial rehabilitation of the rail lines, so that we can commence commercial activities.