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Home Business News Politics

Reps Probe N18bn Rail Contracts Under Jonathan

Editor by Editor
October 15, 2015
in Politics
Reps Probe N18bn Rail Contracts Under Jonathan
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  • House of Representatives members, yesterday, mandated the committee on transport to probe the N18 billion contracts awarded for the rehabilitation of rail tracks, standard gauge, bridges, coaches, wagons and locomotives between 2010 and 2014.
  • The motion on Nigeria Rail-ways Corporation, NRC, and its contractors was sequel to a move by Solomon Ahwinawhi (PDP/Delta) entitled Need to Investigate the Ministry of Transport and the Nigeria Railways Corporation, NRC, on the Award of Contracts for Rehabilitation of Railway Tracks, Maintenance of Bridges and Procurement/Rehabilitation of Coaches and Locomotives from 2010-2014.

“The Abuja-Kaduna rail project had 841 million US dollars as the project cost, out of which the China EXIM Bank provided a loan of 500 million US dollars with about 25 percent of the project completed, when the entire project was envisaged to have been completed in 2014.“

  • He also said the Lagos-Jebba track rehabilitation project was awarded at a contract sum of N12, 293,390 with the payments made so far at N11, 699, 999,218, without any tangible work done adding that the same goes for Jebba-Kano.

 

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