Nigeria didnt Find Funds for Rail Upgrade

Nigeria didnt Find Funds for Rail Upgrade
November 5, 2007 8:01 pm
0
963
A+
A-

Nigeria’s 25-year rail plan has been put on hold due to a lack of funds, local media reports say.

Last year the government awarded contracts worth US$17.3bn to complete the first two phases of the plan – a 1,325km standard gauge rail line from Lagos to Kano and a second line from Port Harcourt to Maiduguri.
The rail lines were intended to reduce road usage and the consequent rapid deterioration of the country’s road network.
Transportation Minister Diezani Alison Maduekwe says the government is reviewing funding options for the upgrade.
She has also ordered a full audit of the Nigerian Railway Corporation’s railway assets and property, saying more emphasis should be placed on assets to enhance the corporation’s revenue.

TAGS: , , ,
railwaynews
railwaynews
Railwaynews.net is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.
COMMENTS

This site uses Akismet to reduce spam. Learn how your comment data is processed.

No comments yet, be the first filling the form below.