A consortium led by GE, Transnet of South Africa, Dutch-based APM Terminals and China’s Sinohydro Consortium were the only company that submitted their bid for the Nigerian railway modernisation project.
The bid is being managed by the African Financial Corporation, AFC. The project is worth USD2 billion.
According to the advertised blueprint, the concession will cover about 3,500 km (2,200 miles) of existing narrow-gauge lines from the southwestern commercial capital, Lagos and also to Kano in the north, and southeastern oil hub Port Harcourt to Maiduguri in the northeast.
Fola Fagbule, vice president and co-head of advisory at Africa Finance Corporation (AFC) which ran a procurement process after being appointed lead adviser by the government, told Reuters News Agency that “We received one bid today”.