Funds may hamper Rivers, Delta Deep Seaports’ project Press "Enter" to skip to content

Funds may hamper Rivers, Delta Deep Seaports’ project

……Govt yet to raise $16bn
The timely completion of the construction of the two-deep seaports in Bonny, Rivers State, and Warri, Delta State may be at risk if feelers coming from The Minister of Transportation, Rotimi Amaechi ,is anything to go by.

According to the minister, about $16 billion is required for the construction of two deep seaports in Bonny, Rivers State and Warri, Delta State, but the “money is not just there.”

“There are approvals for our sector, but we have to look for the money because the money is not just there. We need about $16bn; and we can’t just pluck that from the sky.

We will try and see if we can get Public Private Partnership, especially as it pertains to the seaports.

“There are two deep seaports that were approved – the Bonny and Warri deep seaports. As for the Port Harcourt railway industrial park, we should also be able to get that done through PPP, even though I doubt if we will be able to get railway as PPP because it is quite expensive.”

Amaechi said there were plans to also dredge the Calabar seaport through PPP.

He gave an assurance that the challenge occasioned by traffic gridlock on the road leading to Apapa port in Lagos would be addressed by December.

“In terms of the narrow gauge, if not for a hitch, we would have commenced trucking cargo form Apapa seaport to Ebute-Metta-Lagos and take away the challenges we are having with that Apapa gridlock and bad road. That will happen before December,” he said.

In a related development, Amaechi also revealed that between now and December, the Federal Government would bring in more coaches and locomotives to boost rail transportation across the country.

He said President Buhari was pleased with the developments in the sector during the meeting they had with him.

He said, “The President sleeps and wakes up thinking about our railways; therefore, I must always see him and tell him how far we have gone.

Once he hears the progress that is being made, he feels happy. He is also very pleased with what we have done in terms of the narrow gauge.”

“Between now and December; we will be bringing into the country more locomotives, coaches, and wagons, to ensure efficiency in the narrow gauge.

“We are expecting 10 for Kaduna-Abuja axis and another seven, which will hopefully go to Itakpe-Warri because we believe that by June, that axis should also come alive,” he added.

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