NRC grants CCECC license to operate freight services on Lagos-Ibadan Railway

The Nigerian Railway Corporation (NRC) has awarded the China Civil Engineering Construction Corporation (CCECC) a three-year license to operate freight services on the Lagos-Ibadan standard-gauge railway line.

The license will be valid till October 2027.

CCECC announced this in.a statement posted on its X handle on Friday.

The company also attached a copy of the official license certificate to the statement.

The statement read: “New milestone for the Lagos-Ibadan Railway! CCECC has been officially authorized by the Nigerian Railway Corporation to operate railway services for the public carriage of goods, becoming the first company licensed to opera.te standard-gauge rail freight in Nigeria.

READ ALSO: Railway debt service rises amid N1.31bn decline in revenue

The document confirms the NRC’s authorization of CCECC move to operate the railway for the public carriage of goods from October 14 to October 13, 2027.

“This is to certify that CCECC having satisfied the conditions laid down by Nigerian Railway Corporation in the exercise of the Powers Vested on it by Nigerian Railway Corporation is hereby authorised to operate a railway for the Public Carriage of Goods from the 14th day of October 2024 to the 13th day of October 2027.

“This move aligns with the NRC’s ongoing efforts to enhance the efficiency and capacity of Nigeria’s railway system, particularly for cargo movement, which is expected to alleviate road congestion and reduce transport costs,” the company added.

By: Babajide Okeowo

The post NRC grants CCECC license to operate freight services on Lagos-Ibadan Railway appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

Leave a Reply

Your email address will not be published. Required fields are marked *