2024 Funds: FG Earmarks N33.1bn For Railway Tasks

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FIRS

The federal authorities has earmarked N33.1bn for numerous railway initiatives throughout the nation.

The N33.1bn which is contained within the 2024 finances of the Ministry of Transportation covers a number of initiatives as listed within the finances doc ERGP 13177707.

The objects included completion of Abuja-Kaduna; completion of Lagos-Ibadan and its related further works; rehabilitation of Itakpe-Ajaokuta rail line and building of 12 nos station constructing and tracks laying works at railway ancillary amenities space, Agbor; completion of addendum 2a and railway ancillary amenities space, Agbor.

Different initiatives embrace the design, manufacture, provide, and set up of rolling inventory, provide of spare elements and upkeep tools for the continuing railway modernization venture; set up of sign and telecommunication system on the Itakpe-Ajaokuta-Warri railway line; set up of acoustal sensing safety surveillance system for the Abuja (Idu)-Kaduna railway system and completion of feasibility research for brand spanking new customary gauge rail line together with Kano-Dayi-Kastina-Jibiya together with realignment to Dambata-Kazaure-Kastina-Jibiya-Maradi in Niger Republic; completion of feasibility research for brand spanking new customary gauge rail line: Kano-Nguru-Gusau.

The brand new finances is predicted to push by a backlog of railway initiatives value over $21.3bn which were stalled due to lack of funding.

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The initiatives embrace the Ibadan-Kano Commonplace Gauge Railway ($5.3bn); N11.17bn Lagos-Calabar coastal railway venture; the $3.02bn rehabilitation venture for the Japanese Line (Port Harcourt-Maiduguri) and the $1.9bn Kano-Maradi Railway venture.

All of the initiatives had been included within the 25-year railway roadmap unveiled through the administration of former President Olusegun Obasanjo which expires in 2025.

The $11.17bn Lagos-Calabar coastal railway venture which had been within the pipeline for nearly 20 years was in 2021 accepted by the Federal Government Council (FEC) through the Muhammadu Buhari-led administration.

Solely the Kaduna-Kano line which is a piece of the Lagos-Kano Commonplace gauge is being funded by budgetary provision and has solely reached about 23 per cent.

Whereas a number of initiatives had been nonetheless pending, the federal authorities made provision of one other N1bn ($1.2m) for brand spanking new initiatives together with Lekki – Ijebu Ode Rail & Coastal Rail Lekki – Apapa/Tin-Can; Badagry – Apapa/Tin-Can in addition to one other provision of N1.5bn for railway modernisation.

Nonetheless, below its separate finances, the Nigerian Railway Company (NRC) plans to spend N1.5bn for the procurement and rehabilitation of locomotives and rolling inventory for the usual gauge whereas it was allotted one other N2.7bn for procurement/rehabilitation of rolling inventory (slender gauge).

As well as, there was the rehabilitation of a slender gauge observe from Minna to Barrow with an extension to the Baro River Port.

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