The Federal Capital Territory Administration (FCTA) began work on the Kagini Light Rail station’s access road and parking lot on Thursday in Abuja, the
The project, which has a budget of N1,830,392,695.00 and is being funded by the Ministry of Environment’s Green Bond fund, was granted to an indigenous contractor and is expected to be completed in twelve months.
President Muhammadu Buhari approved the project early this year, according to FCT Minister Malam Muhammad Bello, as part of attempts to speed up infrastructural development in the nation’s capital.
The Kagini train station, according to Bello, was designed to give citizens in the area and nearby Districts with the advantages of a modern rail transit system while also reducing harmful carbon emissions.
According to the Minister of Environment, Dr. Mohmood Abubakar, who was also the principal guest who performed the ceremony, the project was funded through the earnings of the Federal government’s second sale of the Sovereign Green Bond.
He also stated that his ministry would work with the FCT through the Green Bond initiative to address the long-standing issue of insufficient traffic signal management.
The government, according to Abubakar, is using the Green Bond project to address the country’s climate change issue.
The project, according to Dr. Ramatu Aliyu, Minister of State for the Federal Capital Territory, is in accordance with the administration’s commitment to developing and providing services that benefit individuals directly.
Aliyu went on to remark that the administration was soliciting the assistance and resources of private sector stakeholders to sponsor more people-centered projects that would improve people’s lives.
“We are convinced of the need of creating an environment that allows firms to thrive while simultaneously cutting the cost of doing business,” she said.
“We’ve put in place mechanisms to help build and aggregate stakeholder competencies and commitments,” says the president, “in order to mobilize public and private resources for increasing the nation’s capital and enriching the lives of all residents.”
