Niger Delta Development Commission has signed a MoU worth over $15 billion with Atlanta Global Resources Inc, a US infrastructure project financing firm. The deal is for the construction of a mega rail line that would connect the 9 states that make up NDDC and ease the infrastructure deficit in the oil-rich Niger Delta. Structured as a PPP and intended to draw in international and private investors to help finance the enormous developmental challenges in the Niger Delta, the deal will help foster trade and mobility in one of Africa’s most populated regions.
Source : Day Live
