The Federal Executive Council on Wednesday approved the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge .
The cost of the project was put at $ 3 . 02 bn .
The decision was taken at the weekly meeting of the council presided over by the President , Major General Muhammadu Buhari (retd . ).
Minister of Transportation , Rotimi Amaechi , disclosed this to State House correspondents at the end of the meeting at the Presidential Villa , Abuja .
Amaechi also told reporters that the council approved the construction of a deep seaport at Bonny and a railway industrial park in Port Harcourt at a cost of $ 703 . 1 m .
He however said the two projects would be at no cost to the Federal Government, saying they would be funded through Public- Private Partnership arrangement .
He said the industrial park would gulp $ 241 . 2 m while the Bonny Deep Seaport would gulp $ 461 . 9 m .
The minister said , “ The Federal Executive Council has approved the award of contracts for the rehabilitation and reconstruction of the Port Harcourt-Maiduguri eastern narrow guage railway, with new branch lines and trans- shipment facilities .