The Federal Government plans to obtain a soft loan of about five million dollars (N80 billion) from the Chinese Government to complete the Abuja Light Rail Project.
Mr Ahmed Wadada, the Senior Special Assistant on Project Monitoring and National Assembly Matters to the FCT Minister, Sen. Bala Mohammed, disclosed the plan in Abuja while speaking with newsmen.
Wadada said the rail project was important to the FCT administration, adding that the loan was part of the contractual agreement that would better the lives of Nigerian through the execution of projects.
He said that the problem of funding had been taken care of, as fund would come from Nigeria. The remaining is a soft loan from the Chinese Government and the process would soon be concluded.
The senior special assistant said the fund would soon be made available, adding that both governments had concluded the process concerning the soft loan.
Also speaking, the Project Manager of the Chinese Civil Engineering Construction Company, Mr Charles Chang, gave the assurance that the company was committed to executing the job as expected by the Nigerian Government.
He said that out of a total of 96 culverts needed to be constructed on the rail right of way, only 26 were ready while 35 kilometres track was completed out of the 64 kilometre track.
He said that the construction of the sleepers had reached an advanced stage, adding that coaches, as well as five bridges for the project were ready.