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Lagos - Calabar rail project will cost Nigeria $11 billion : Amaechi

Minister of transportation,Rotimi Amaechi, has said the Lagos - Calabar rail project will cost Nigeria $11 billion .

The minister said that the Federal government was constructing the Kaduna - Kano rail line from the budget while still "negotiating the loan for Ibadan to Kaduna because the plan was Lagos to Kano".

"So far, the Federal government has laid out plans for the construction of Lagos - Calabar at $11.1 billion, Ibadan - kano at $5.3 for single track and port Harcourt - Maiduguri at $3.02 billion for the construction of narrow gauge", said Mr Amaechi.

In a statement on Friday, the minister added that ,the rail projects were built for the purpose of economic growth, not ethnic biases .

He identified "politicizing railway" development as one of the major challenges hindering government's effort to simulate the economy.

Mr Amaechi,speaking as a guest lecturer at the annual public lecture of Department of Economics at University of Lagos stressed out that transportation was responsible for driving nations' economies.

"I call it politicisation of railway construction .Railway is fuelled by economic activities .It's not fuelled by tribe .What determines railway construction is economy,how many tons of cargo can be conveyed",the minister explained .Ethnicity is not the way to go ,those who ember ethnicity are those who were benefiting from the previous government administration but are no longer benefiting from the current government ".

Mr Amaechi also said financing was another challenge of railway development as Nigerians kept on complaining about loans .

Content created and supplied by: Meyraycu (via Opera News )


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