Nigerian Rail: Falling Off The Tracks
A deep and sober look at the stalled concessioning of Nigeria's dilapidated rail infrastructure
| Feb 27, 2018 | Subscriber's post |
In late 2015, the American powerhouse conglomerate, General Electric Inc. (GE), announced it had struck a landmark deal with the Indian government to supply US$2.6 billion of railway infrastructure and equipment over a ten year period. As part of the deal, GE committed to invest about US$200 million in new railway plants and warehouses across India. Thi…