The Minister of Transportation; Rotimi Ameachi, announced that President Buhari has approved 6 new railway projects.
According to Amaechi, the ministry is concluding feasibility studies started in 2013 for other new lines including:
Illela-Sokoto-Yelwa-Makera-Kontagora-Minna
Ilorin-Okoyi-Batigi-Baro to link Itakpe-Abuja line
Kano-Dayi-Katsina-Jibiya-Maradi in Niger
Port Harcourt-Aba-Umuahia-Lafia-Kuru-Bauchi-Gombe-Biu-Maiduguri
Calabar-Ikom-Obudu-Ogoja-Wukari-Yola-Maiduguri and
Aba-Ikot Ekpene- Ibiano- Itu-Uyo-Odukpani-Calabar.
“We sought and got Mr. President’s approval to source for financiers for various rail projects for development. Negotiations are ongoing and we may need to make some contributions depending on the negotiations,” Amaechi said.
He added that, encouraging progress has been made in sourcing financiers for the prioritized projects “as we have received expression of interest with potential and indicative financial models and business plan for their development.”
The minister explained that all the projects will be included in the 2018 appropriation in order to reach the goals of the Buhari administration in the development of our railways.
He disclosed that the government intends to use the 2018 budget to complete the ongoing Itakpe-Ajaokuta-Warri-Aladja railway project, which commenced 32 years ago.
According to him, counterpart funding will be required as Federal Government’s contribution for the financing of the Ibadan-Kano project and the Nigerian coastal line Lagos-Calabar project would commence this year.
On the 2017 budget, the minister informed that while a total capital provision of N152.527 billion was made for land transport, only N64.781 billion was released. He said the total of N20.310 billion has been expended as at January 2018.
