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GE withdraws from narrow gauge concession project – Daily TrustThe 2,400 kilometre narrow gauge concession project may have suffered a temporary setback as the General Electric Co., a member of consortium of companies, which won the project, has pulled out of the arrangement. Bloomberg reports yesterday that the GE, which was in talks with the Federal Government through the Ministry of Transportation said it …
Source: Daily Trust - 🏆 13. / 51 Read more »
$2.7bn rail concession deal: GE withdrew from transport business - Vanguard News NigeriaThe Nigerian Railway Cooperation (NRC) says General Electric (GE) has withdrawn from the $2.7 billion railway concession deal because it has stopped the transportation section of its business, not due to harsh economy policies.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
NRC: Why GE Withdrew from $2.7bn Rail Concession Deal - THISDAYLIVEContrary to the impression that General Electric (GE) withdrew from the $2.7 billion railway concession deal due to the harsh economy policies in Nigeria, the Nigerian Railway Cooperation (NRC) has said the foreign firm abandoned the deal because it has stopped the transportation section of its business. The Managing Director of NRC, Mr. Fidet Okhiria, … simply another lie, big fat lie, shameless lie.....
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
FG: Why GE Pulled out of Railway Concession, Overhaul Deal - THISDAYLIVEBy Chineme Okafor in Abuja The federal government Thursday gave reasons why American firm – General Electric (GE), pulled out of a planned $2.7 billion deal to concession and rehabilitate Nigeria’s narrow gauge railway, stating that GE was no longer in the business of transportation and had to hand over its interest in the deal … The minister has explained on Arisenews that there was no pullout just change of ownership
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
GE Pulls Out of Nigerian Rail Concession - THISDAYLIVEGeneral Electric has said it has withdrawn from the Nigerian railway concession and will hand over to Transnet SOC Limited in line with its strategy to exit the transportation business. According to Bloomberg, the agreements GE reached with the Nigerian government “are now being negotiated by Transnet and its consortium partners” including SinoHydro of China … Another monumental failure of buhari's administration. Spin it the way you want,PMB simply isn't primed for the Nigerian project. LetsgetNigeriaWorkingAgain MBuhari is running an incompetent government... The level of negotiations entered into by NOI cant be matched by charlatans They will soon accuse GE of colliding with looters to launder money out Nigeria as reason for withdrawer
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Why GE withdrew from $2.7bn rail deal—NRC - Vanguard News NigeriaLagos—Nigerian Railway Cooperation, NRC, said weekend that General Electric, GE, withdrew from the $2.7 billion railway concession deal because it has stopped the transportation section of its business, and not due to harsh economic policies.
Source: vanguardngrnews - 🏆 5. / 75 Read more »