GE Is Sole Bidder for $2 billion Nigeria Rail Concession

At the close of submission of bid for the $2b Nigeria railway concession project on Wednesday, only a consortium led by General Electric, GE, made it.

Reuters quoted a procurement process adviser as source of the information.

The concession will cover about 3,500 km (2,200 miles) of existing narrow-gauge lines from the southwestern commercial capital, Lagos, to Kano in the north, and southeastern oil hub Port Harcourt to Maiduguri in the northeast.

“We received one bid today,” said Fola Fagbule, vice president and co-head of advisory at Africa Finance Corporation (AFC), which ran a procurement process after being appointed lead adviser by the government.

The only bid, led by GE, was in partnership with Transnet [CGETR.UL] of South Africa, Dutch-based APM Terminals and China’s Sinohydro Consortium.

The Senate, said in November it would investigate the railway concession over possible violations by ministry of transport officials.