Less than three months after it signed Memorandum of Understanding (MoU) with the China Railway Construction Corporation (international) Nigeria Limited, the Ghanaian Ministry of Railways Development has pulled out of the deal.
Announcing the development in Accra, the Ghanaian capital, the ministry cited alleged breach of confidentiality as reason for the action.
The withdrawal, it was learnt, was triggered by a report titled: “CRCC to construct 560km railway line for $2bn – same cost as 156 Klm Lagos-Ibadan rail.”
Infuriated with the report because it has not signed any contract with CRCC-Nigeria on rail project, the Ghanaian authority called off …