The Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, on Thursday, flagged off the construction of access road and car park worth over N1.8 billion for the Kagini light rail station.
Malam Bello, while flagging off the project in Abuja, said the station was designed to enable residents within the area and other adjoining districts to enjoy the benefits of a modern rail transportation system and to also help to reduce carbon emissions that destroy the environment.
He said the administration needs to be flagged off following the approval by President Muhammadu Buhari early this year, as part of efforts towards accelerating infrastructural development in the nation’s capital.
The project, which was awarded to an indigenous contractor and expected to be completed within 12 months, would be financed from the Green Bond fund domiciled in the Ministry of Environment.
Minister of Environment, Dr Mohmood Abubakar, who was the special guest, said the project was funded from the proceeds of the second issuance of the sovereign Green bond of the federal government.
Dr Abubakar, therefore, pledged that his ministry would partner with FCT in solving the protracted poor traffic lights management through the Green bond initiative.
He said the government was using the bond project in tackling the menace of climate change in Nigeria.
Also speaking, FCT Minister of State, Dr Ramatu Aliyu, said the project was in line with the administration’s commitment to improving and providing services that have a direct impact on the citizens.
According to her: “We are convinced of the need to create an enabling environment for businesses to thrive and reduce the cost of doing business.”
Source: Tribune Online
