Why $5.3bn Ibadan-Kano rail loan approval is delayed – Amaechi – Newstrends
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Why $5.3bn Ibadan-Kano rail loan approval is delayed – Amaechi

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4 years ago

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Minister of Transportation, Rotimi Amaechi,  has accused some selfish lawmakers of causing the long delay in securing $5.3bn China loan approval for the construction of the second phase of the new Lagos-Kano railway project (Ibadan-Kano) with their ‘frivolous’ probe.

He said the probe and generated publicity on the details of a 2018 Chinese loan agreement had negatively affected the country and delayed the approval of the loan for the railway project.

The first phase, Lagos-Ibadan rail line costing about $2bn is currently on trial run, having been substantially completed.

In July 2020, a House of Representatives panel had raised the alarm over clauses conceding Nigeria’s sovereignty to China in a loan agreement.

The probe dragged on for weeks, despite assurances from Abubakar Malami, attorney-general of the federation, that the Federal Government will work in the best interest of Nigerians, while Amaechi had also warned that the investigation may affect Nigeria’s chances when it comes to loans.

Giving an update on the situation on Monday when he featured on a Channels Television programme, Amaechi said the probe resulted in seven months of “waste”, as the approval process was delayed.

“That’s where we are. The loan for Ibadan to Kano, up till now we haven’t got the approval. And at the point that happened, we were just on the verge of getting approval. They withdrew. They’re asking more questions,” the minister said.

“The two things I said at that meeting; they’re happening now. There are other countries we have loan agreements with, that we entered into agreement to borrow money from. They don’t usually ask for immunity clause, because they trust you, so they expect that you’ll pay back. The moment you brought this to the public, it was ‘ah! You’re giving China immunity clause, so you must give us.’

“The selfishness of those members, who I don’t know what they’re pursuing, has put the country into jeopardy. Now, other countries are asking for immunity clause in their own agreements.

“The other aspect I said was that the Chinese may likely withdraw. That’s where we are; we’re talking to them. They’ve promised to give us the loan, but at least it’s held us back since June till now. We’ve done seven months. If they had give us money since June, we’ll have gone far. We would have started clearing by now. But imagine seven months wasted because one or some few members of the house of reps went to the public.”

Amaechi also gave a brief explanation of what was covered in the immunity clause regarding the Chinese loan agreement.

“I’ve explained over and over that what the immunity clause simply does is to say ‘look, in case you’re not able to pay back, I want to be given the opportunity to take you to court or to arbitration as it is in the clause’,” he said.

“What the immunity clause does for us as Nigeria is that you can go for everything in case the court awards you anything, but you can’t go for our diplomatic assets, military assets, oil assets. So, what’s remaining? Airport, railway… those are things you can go for in case the court awards you.”

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Lagos Rail Mass Transit part of FG free train ride – NRC

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22 hours ago

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December 21, 2024

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Lagos Rail Mass Transit part of FG free train ride – NRC

The Nigerian Railway Corporation (NRC) has disclosed that the Lagos Rail Mass Transit (LRMT) trains are included in the Federal Government’s free train ride initiative for the Christmas and New Year celebrations.

The LRMT, which currently includes the Phase 1 Blue Line Rail and the Phase 1 of the Red Line Rail, operates under the Lagos Metropolitan Area Transport Authority (LAMATA).

This announcement was made by Ben Iloanusi, the Acting Managing Director of the NRC, during an interview on NTA News TV on Friday, following the launch of the initiative earlier that day.

While Iloanusi stated that Phase 1 of both the Blue Line and Red Line Rail projects are part of the program, LAMATA has yet to confirm this inclusion.

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Iloanusi outlined the other routes benefiting from the scheme, which include the Lagos-Ibadan Train Service, Kaduna-Abuja Train Service, Warri-Itakpe Train Service, Port Harcourt-Aba Train Service, and the Bola Ahmed Tinubu Mass Transit in Lagos. Notably, little was previously known about the Bola Ahmed Tinubu Mass Transit service until this disclosure.

“Let me mention the routes where this free train service is happening. We have the Lagos-Ibadan Train Service, we have the Kaduna-Abuja Train Service, we have the Warri-Itakpe Train Service, we have the Lagos Rail Mass Transit trains, we have the Port Harcourt-Aba Train Service, and we have what we call the Bola Ahmed Tinubu Mass Transit, which is also in Lagos,” he stated.

Iloanusi provided operational updates, stating that passengers nationwide can access free tickets online or, for those unable to do so, at train stations where they will be profiled and validated.

He noted that passengers using NRC-managed services (excluding the Lagos Rail Mass Transit) should reserve tickets via the official website, www.nrc.gov.ng, with a valid ID required. He also advised travelers to plan, arrive on time, and bring valid identification.

Lagos Rail Mass Transit part of FG free train ride – NRC

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NRC announces special Xmas, end-of-year train service

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2 weeks ago

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December 5, 2024

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NRC announces special Xmas, end-of-year train service

The Nigerian Railway Corporation (NRC) says it will operate an end of the year special train service on all its routes across the country.
It announced this in a statement on Wednesday by its Deputy Director, Public Relations, Yakub Mahmood, saying it was in compliance with the Federal Government’s directive through the Federal Ministry of Transportation.
It however did not indicate if the special train service would be free or not.
The Federal Government last year similarly declared special train services for Christmas and New Year, which were made free for all users.
The statement added the modality for this year’s special service would be released soon.
The latest statement read, “The management of the Nigerian Railway Corporation (NRC), in compliance with the Federal Government’s directive through the Federal Ministry of Transportation, hereby informs the general public that the NRC shall operate end of the year special train services in commemoration of Christmas and New Year celebrations.
“This end-of-the-year special train service on scheduled passenger trains, is part of the government’s gesture towards an enjoyable end of the year celebration.
“Dates and modalities of the end-of-the-year Special Train Service shall be communicated in due course. We wish all our esteemed customers a Merry Christmas and a Happy New Year in advance.”

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FG hands over $3bn Port Harcourt-Aba railway project to NRC

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3 weeks ago

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November 29, 2024

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FG hands over $3bn Port Harcourt-Aba railway project to NRC

The 62-kilometre, $3.02 billion Port Harcourt-Aba railway project has been completed by Federal Government and handed over to the Nigerian Railway Corporation (NRC).

The Port Harcourt-Aba section is part of the larger Port Harcourt-Maiduguri eastern narrow gauge railway project, initiated under the administration of President Muhammadu Buhari.

The project supervisor, Federal Ministry of Transportation, Ayo Dada, formally transferred the railway to the NRC during a brief ceremony held on Thursday in Port Harcourt.

He said that the project, completed in May, had significantly improved passenger movement between Rivers and Abia, thereby enhancing their economies.

“The assets handed over include dismantled tracks measuring 283.060 km, rehabilitated and reconstructed 62.800 km of subgrade and the laying of 62.800 km of rail for the main line,” Dada said.

“This includes the laying of rail for sliding lines covering 5.690 km and the reconstruction of 27 sets of turnouts at Port Harcourt, Elelenwo, Obuzor, Umugo and Aba Stations, among others.”

Dada said that with the handover of the Port Harcourt–Aba section, the Federal Government would focus on the Port Harcourt–Maiduguri phase of the project.

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“The contractor has submitted the technical specifications and maintenance manual for the Port Harcourt–Aba section to the consultants.

“The ministry is committed to completing this project, which will foster national development,” he said.

The Managing Director of the NRC, Ben Iloanusi, commended the Federal Government and the ministry of transportation for the timely completion and transfer of the project.

Iloanusi, represented by the NRC Deputy Manager (Civil), Adesegun Ogunade, said that the railway had greatly benefited Nigerians seeking affordable transportation options.

“The rail line, now in operation, has started mitigating the impact of high transportation costs caused by economic challenges,” he said.

“Train services have been running for some time and passengers have reported that it has made commuting between Port Harcourt and Aba more convenient, faster and cheaper.

“People are already experiencing the benefits of this government’s policies and programmes.’’

He assured that the Port Harcourt–Maiduguri section would also be completed in due course, emphasising that adequate security arrangements had been made to ensure the safety of workers and passengers.

 

FG hands over $3bn Port Harcourt-Aba railway project to NRC

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