The ceremony, which was a part of the one-day Public Private Partnerships Summit organized by the Commission in Lagos on Tuesday, will provide locomotives, construct railway lines and operate same in the oil producing states of Rivers, Ondo, Edo, Delta, Bayelsa, Akwa Ibom, Cross River, Imo and Abia.
Work on the preliminary stages of the project, perhaps the biggest in the history of the Commission, is expected to start immediately.