The Minister of Transportation, Mu’azu Sambo, has stated that the Federal Government will borrow funds to complete rail projects in the country.
Yesterday, while giving the ministry’s performance report in Abuja, Sambo made this revelation.
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“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.
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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.”
Justifying his position that the South-East zone benefited the most, the minister said, “the Buhari-led administration constructed the second Niger Bridge that had defied all previous governments.”
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