FG approves $3.9bn for Warri new seaport
|The Honourable Minister of Transportation, Rotimi Amaechi
government has approved the construction for Warri seaport at the cost of about
3.9 billion dollars and also awarded contract for Abuja-Warri rail line.
Amaechi said on Tuesday in Abuja that
government also approved the linking of Abuja to Itakpe, Itakpe-Warri, then
from Warri rail to the seaport.
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,”
rail development in the country.
Abuja-Warri rail lines were constructed, the rail would have covered the
on all the ongoing projects.
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.
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.
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.
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.
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 extent.” (NAN)