x

We’ll seek loan to complete rail projects – Minister of Transportation

The Minister of Transportation, Mu’azu Sambo, has revealed that the Federal Government will borrow money to ensure the completion of rail projects in the country.

Sambo disclosed this yesterday while delivering the ministry’s scorecard in Abuja.

He noted that “We don’t have the money. We are going to borrow anyway. So, we thought whatever the standard gauge will give us, the narrow gauge will also give us,” he said.

Reacting to a question on why the South-East was restricted to narrow gauge rail lines, the minister said the zone was yet to be marginalised on the rail projects being executed by the President, Major General Muhammadu Buhari (retd.)-led administration.

“There is no deliberate attempt whatsoever to marginalise the South-East and if anything, that is the one part of the country that has benefited the most from PMB infrastructure projects.

“The narrow gauge you probably are referring to is the one that runs from Maiduguri, all the way through Jos, up to Port Harcourt.

“If that is the one you are talking about, first of all, I will let you know that Maiduguri, Jos, and several other cities the rail lines traversed are not in the South-East.”

He also said there is the narrow gauge contract “that was being considered by my predecessor in office,” which had two options — “either to rehabilitate the narrow gauge at a cost of about $3 billion or to do a standard gauge at a cost of about $12 billion.”

Speaking further, he said that the pros and cons of the corridor, the narrow gauge would convey more cargos, adding that the only difference between the narrow gauge and the standard gauge was the speed.

However, while Justifying that the South-East zone benefited the most, the minister added, “the Buhari-led administration constructed the second Niger Bridge that had defied all previous governments.”

Hot this week

Tinubu Orders Probe into Killing of Woman And Six Children in Kano

President Bola Tinubu has ordered a comprehensive investigation into...

Alleged N4tr debts: 1,000 CSOs back local contractors protest against FG

***demand resignation of Finance Minister, Uzoka-AniteNo fewer than one...

CVR: Oborevwori, Stakeholders Lament Low Turnout, Call for Massive Grassroots Mobilisation in Delta

By Anne AzukaDelta State Governor, Sheriff Oborevwori, has expressed...

FG Sets Up Ministerial Committees to Quash Unending Doctors Strikes

By Joyce Remi-BabayejuIn a bid to quash the unending...

CROSSJOF Praise Sen. John Owan Enoh’s MSME Initiative in Cross River

By Joyce Remi-BabayejuThe Cross River State Journalists Forum, (CROSSJOF)...

Wike’s Son, Joaquin Bags MSc Degree From King’s College London

By Joyce Remi-BabayejuThe son of the Minister of the...

VeryDarkMan gives Wizkid FC 24 hours to unfollow him on Instagram challenge

Social media commentator VeryDarkMan has issued a 24-hour ultimatum...

Fubara is APC leader in Rivers, not Wike — Bwala

President Bola Tinubu’s Special Adviser on Policy Communication, Daniel...

Troops foil ambush, kill Boko Haram commanders in Borno

Troops of Operation Hadin Kai have foiled a Boko...

Rodman becomes world’s highest-paid female footballer

United States forward Trinity Rodman has become the world’s...

FG Assures Commitment to Tackle Ecological Challenges

By Francis WilfredThe Federal Government has reiterated its commitment...

Alleged $80,000 and N953 Million Fraud: Court Convicts Man, Company in Lagos

 By Francis Wilfred Justice Modupe Nicole-Clay of the Lagos State...

Related Articles

Popular Categories

spot_imgspot_img