FEATURED
Warri Seaport To Come Alive Soon As FG Approves N3.9b For Reconstruction
Rotimi Amaechi, minister of transportation, says the federal government has approved the construction of Warri seaport at the cost of about 3.9 billion dollars and also awarded contract for Abuja-Warri rail line.
Amaechi told NAN on Tuesday in Abuja that the federal government also approved the linking of Abuja to Itakpe, Itakpe-Warri, then from Warri rail to the seaport.
“The President awarded the contract for Abuja to Warri, Abuja to Itakpe, then to Warri. From Warri rail to the seaport. We are building a new seaport in Warri, the cabinet approved it last week, that is about 3.9 billion dollars,” he said.
He, however, said that about 45 billion dollars was needed to complete rail development in the country.
The minister said that once the Lagos-Kano, Port Harcourt-Maduguri, Lagos-Calabar and Abuja-Warri rail lines are constructed, the rail would have covered the country.
According to him, government has not spent over 3 billion dollars so far on all the ongoing projects.
“The Lagos-Ibadan will cost about 1.6 billion dollars, that doesn’t include the extra cost of things we didn’t prepare for or see in the evaluation; Abuja-Kaduna was constructed with about a billion dollars,” the minister said.
“We also paid 500 million dollars to buy locomotives and rolling stocks for Lagos-Ibadan, I can’t remember how much we spent buying rolling stocks for Kaduna-Abuja, that is what we have spent so far.
“So all the noise that you hear people saying we have spent 8 point something billion dollars is not true. I don’t think we have spent up to three billion dollars so far. Railway is capital intensive, a trillion naira is about 2.7 billion dollars.
“And that is for 200km of railway, if you plan to do Lagos-Ibadan and you are looking at 8.7billion dollars that is between 3 and 4 trillion Naira. That is why I said we will need about 35 to 45 billion dollars.
“To be able to do Lagos-Kano, Port harcourt-Maduguri, Lagos-Calabar and Abuja-Warri, once we do this four tracks, we have covered the country and we have solved the problems of transportation to a great extend.”
Delta Announces Invitation to Tender to Restore Electricity to Isoko, Ndokwa Communities
NDC Forces Candidates to Sign Anti-Defection Oath — Defect and Lose Your Seat After Elections
Backlash Trails Obi’s Proposed Approach to Address Banditry Crisis
Dr. Abassi: New Study Suggests Men Should Ejaculate 21 Times a Month to Lower Prostate Cancer Risk
How Three Policemen Died Attempting to Detonate Bandits’ Explosive Device
Urhoboland Loses a Legend, Nigeria Loses a Maestro – Omo-Agege on the Passing of Johnson Adjan
10 Pilots, 2 Trainees to Benefit from Chevron, NCDMB, Bristow Cadet Pilot Training Programme in Nigeria
Okowa Has Always Supported Anioma State, Backs Genuine Agitation
“Trust Me, Not the Details”: Peter Obi Defends Refusal to Reveal Power Generation Strategy
Two Robbery Suspects Nabbed in Delta, Large Quantity of Illicit Drugs Recovered
Appeal Court Faults Justice Lifu, Suspends Judgment Deregistering ADC, Four Other Parties
Lagos Police Debunk Kidnap Claims on Late DCP Khan Salihu, Demand Retraction
NIPSS Probes Deadly Security Breach by Gunmen on Staff Quarters, Vows to Fish Out Perpetrators
How 3 Security Personnel Were Killed in NIPSS Gunmen Attack
