The Federal Capital Territory Administration, FCTA, has inaugurated the construction of an access road and car park for a Light Rail Station in Kagini, FCT.
The Federal Capital Territory, FCT, Minister, Muhammad Musa Bello, while inaugurating the project, said it was approved earlier this year by President Muhammadu Buhari, as part of efforts to accelerate infrastructural development in Abuja.
According to reports, the project, estimated to cost about N1.83 billion, was financed from the Green Bond fund domiciled in the Ministry of Environment.
The project was awarded to an indigenous contractor and is expected to be completed within twelve months.
Mr Bello noted that the Kagini rail station was designed to enable residents within the area and other adjoining districts to enjoy the benefits of a modern rail transportation system.
He added that the project was expected to reduce carbon emissions that destroy the environment.
Earlier, the Minister of Environment, Mohmood Abubakar, who was the special guest, said the project was funded from the proceeds of the second issuance of the Sovereign Green Bond of the federal government.
The minister, in his remarks, pledged that his Ministry would partner with FCT in solving the protracted poor traffic lights management through the Green Bond initiative.
Mr Abubakar noted that government was using the Green Bond projects in tackling the menace of climate change in the country.
In her remarks, the FCT Minister of State, Ramatu Aliyu, disclosed that the project was in line with the administration’s commitment to improving and providing services that have direct impact on citizens.
Mrs Aliyu added that the administration was mobilising private sector stakeholders and resources for more people oriented projects that enrich lives.
“We are convinced of the need to create an enabling environment for businesses to thrive and reduce the cost of doing business.
“We have adopted strategies that will help to build and aggregate stakeholder’s competencies and commitments needed to mobilise public and private resources for developing the nation’s capital and enriching the lives of every resident.”