Nigeria & Russia sign MoU for Railway Modernisation

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Nigeria has signed a MoU with Russia for the modernisation and development of Nigeria’s railway infrastructure at the ongoing Russia, Africa Economic Forum in Sochi, Russia. MoU would see to the rehabilitation of the existing Nigerian Railway Corporation rolling stock-fleet and upgrading of workshops in Nigeria.

Russian Joint Stock Company Russian Railway and Transmash Holding are two Russian companies that were also involved in the MoU signing, while the Minister of Transportation, Rotimi Amaechi, signed on behalf of Nigeria.

Source : Strategic Research Institute, SteelGuru