Thursday 15 October 2015

House Of Reps To Probe N18b Rail Contracts Across The Country

The House of Representatives on Tuesday directed the Committee on Transport to look into the 18 billion naira contracts for the rehabilitation of rail tracks, standard gauge, bridges, coaches, wagons and locomotives between 2010 and 2014.

The move to probe the rail contracts originated from Hon Solomon Ahwinawhi (PDP/Delta) via a motion entitled Need to Investigate the Ministry of Transport and the Nigeria RailwaysCorporation, NRC, on the Award of Contracts for Rehabilitation of Railway Tracks, Maintenance of Bridges and Procurement/Rehabilitation of Coaches and Locomotives from 2010-2014.

He said ;
“The level of performance, with respect to the 463km Port Harcourt-Markurdi rail track rehabilitation of the eastern line with N19,963,752,330, out of which NRC has paid N4,017,054,841, while SURE -P paid N5,594,021,377 and only about 3km of ballast has been done with 400km left undone and the total money released so far is N9, 611, 076, 218.

“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.“

Also to the probed is the  Lagos-Jebba track rehabilitation project which was awarded at a contract sum of N12, 293,390 with about 95% payment made so far at N11, 699, 999,218, without any tangible work done.

Source : Vanguard

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