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OSBC | Osun State Broadcasting Corporation

FG Will Borrow To Fund Rail Projects – Minister

OSBC_Admin by OSBC_Admin
November 8, 2022
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The Minister of Transportation, Mu’azu Sambo, has said the Federal Government will borrow money to facilitate the completion of rail projects in the country.

Sambo disclosed this yesterday while delivering the ministry’s scorecard in Abuja.

“We don’t have the money. We are going to borrow anyway. So, we thought whatever the standard gauge will give us, the narrow gauge will also give us,” he said.

Reacting to a question on why the South-East was restricted to narrow gauge rail lines, the minister said the zone was yet to be marginalised on the rail projects being executed by President, Muhammadu Buhari administration.

“There is no deliberate attempt whatsoever to marginalise the South-East and if anything, that is the one part of the country that has benefited the most from PMB infrastructure projects.

“The narrow gauge you probably are referring to is the one that runs from Maiduguri, all the way through Jos, up to Port Harcourt.

“If that is the one you are talking about, first of all, I will let you know that Maiduguri, Jos, and several other cities the rail lines traversed are not in the South-East.”

He also said there is the narrow gauge contract “that was being considered by my predecessor in office,” which had two options — “either to rehabilitate the narrow gauge at a cost of about $3 billion or to do a standard gauge at a cost of about $12 billion.”

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