NewStats: 3,263,371 , 8,179,928 topics. Date: Thursday, 05 June 2025 at 05:15 PM gu4d

Shah Mathias, the Founder of Ameri Metro Inc, based in the United States, said on Monday that the company was ready to invest over $10 billion in the coastal rail project from Lagos to Calabar and Calabar to Port Harcourt.

He told journalists after paying a courtesy visit on the Minister of Transportation, Rotimi Amaechi in Abuja that the project will be fully funded by the company if approved by the federal government.

Mathias said that the company has done various rail projects in the United States, and have the resources and capacity to handle rail projects in Nigeria.

“We are here to do a presentation on the high speed rail and other sustainable projects; our goal is to build a more modern rail, which we can start as soon as possible.

“We are ready to invest 100 per cent, we have been told that the project is over $10 billion, we are going to build new rail track, bring in locomotives.

“We are looking at the Lagos-Calabar coastal line and Port Harcourt, we are ready to take it over from the Chinese company since they have not been able to raise the money.”

Mr Mathias said that the company was focuses on the development of high-speed rail for engers and freight transportation.

(NAN)


https://www.timesng.com/business/business-news/269249-american-based-company-set-to-invest-over-10-billion-in-coastal-rail-line.html/amp?__twitter_impression=true


lalasticlala Mynd44

Buhari Is A Failure Till 2023.

Story

CilicMarin:
Buhari Is A Failure Till 2023.

ed

I don't know why, all I am seeing in this post is 10billion dollars, I can buy every nairalander a car with this money

Anything To Make Nigeria Great Again

One day nah one day that monkey wen dey carry Nigerians brain play konkosa go enter market no return.

mtchew, invest on paper.

the journalist sef na wa, no background information on the company, the owners or the projects they have done in the past even if not in Nigeria.

He didnt even bother to tell us were they are based in united states so we can check up their history of maintaining their corporate social responsibility.

This is sha the kind of news we will be hearing from now till election is over, we are used to it. indi ara.

sha Mathias is an Indian. Indians do not have good reputation in Nigeria, will this one be different, i doubt.

Imperialism war between China and America.

USA and the western world are now splashing money like crazy in Africa as they are afraid of Chinese investors, dumb americans una think sey na still colonial era we dey abi? I would rather do business with the Chinese than these westerners with their "colonialist" mindset, dem give you 1 naira, dem go collect 1million back.

The line is not going to the North. So, the powers that be will probably nix it

That's commendable

YOU ARE HIGHLY WELCOME

CilicMarin:
Buhari Is A Failure Till 2023.

I concur!

Woa

Nice, and very nice. Good one from Buhari.

Scammers! hope the govt wont fall for this crap. A simple google look up will enlighten you

COASTAL RAILWAY LINE IS A WASTE OF MONEY AND SHOULD BE SCRAPPED


WAT NIGERIA NEED IS DIVERSIFICATION OF THE ECONOMY BY BUILDING SEAPORTS IN THE SOUTHSOUTH.



WE HAVE AN ENTIRE COASTLINE IN THE SOUTHSOUTH WITH NO SINGLE DEEP SEAPORT.


ALL CARGO COMES FROM THE VERY HANDFUL OF SEAPORT IN LAGOS.

GabrielYulaw:
The line is not going to the North. So, the powers that be will probably nix it

Here we go again.... TRIBALISM!!

Great. We need more of such investments in crirical areas of the economy. Kudos to Bubu, the US visit is paying off. But at what cost？

Good development nice one from buhari I hope isn't a scam sha

CilicMarin:
Buhari Is A Failure Till 2023.

Shàaaarrrrrrraaaappppp

Buhari deserves some accolades
he's worth my vote come 2019.
meanwhile if you hate him then you need to examin ya brain

What would Amaechi point to as a project he brought to ND?

Pure lies. America will invest 10 billion dollars in Nigeria? Jokers. Nigeria leaders can lie for Africa

.

CilicMarin:
Buhari Is A Failure Till 2023.

Why not wait till they do it before you start campaigning?.

Other countries campaign with commissioned projects, buhari's fanatics campaign with MOU.

Mrchippychappy:
USA and the western world are now splashing money like crazy in Africa as they are afraid of Chinese investors, dumb americans una think sey na still colonial era we dey abi? I would rather do business with the Chinese than these westerners with their "colonialist" mindset, dem give you 1 naira, dem go collect 1million back.

Colonial era? Weren't the USA themselves colonized?

Where is he going to get 10 billion dollars from to invest in a country all business intelligence show is now feasible under Buhari ..Lets be guided from all these conmen