The committee also recommended that the three parastatals in the aviation industry, which were earlier merged should be returned to the status quo.
The parastatals are the Federal Airports Authority; of Nigeria; the Nigerian Civil Aviation Authority and the Nigerian Airspace Management Authority.
The Chairman of the Committee, Senator Musa Adede, while presenting the reports and recommendations of the committee at the plenary on Tuesday in Abuja, said what was required to complete the project was less than N40bn.
He said it was the recommendation of the committee that the project should be completed before the 2015 general elections.
"The Ajaokuta Warri Rail Line was awarded in 1986, with the completion period of five years; as I speak to you 14 years after, that project has not been completed and it is very important for us to realise that the Ajaokuta Warri Rail Line should be completed.
"And so it is the committee's view that this project must be completed and inaugurated before 2015 as what is required to complete it is less than N40bn; the more we continue to delay, the more it will cost us to complete," Adede said.
On aviation, the committee said the 2013 National Civil Aviation Rule should be further reviewed by the stakeholders as the initial review process seems to have excluded some stakeholders. Click to signup for FREE news updates, latest information and hottest gists everyday
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