The Federal Government currently needs about $16 billion to actualise some of the programmes already approved for the Ministry of Transportation. The Minister of Transportation, Mr. Rotimi Amaechi, disclosed this in an interview with State House correspondents after his meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, on Thursday.
Amaechi said the sum was needed especially for the construction of two deep seaports in Bonny, Rivers State and Warri, Delta State. He said since the money needed was not coming easily, the government may consider adopting Public Private Partnership for some of the projects that had been approved. The minister said, “There are approvals for our sector but we have to look for the money because the money is not just there.
“We need about $16 billion and we can’t just pluck that from the sky. We will try and see if we can get Public Private Partnership PPP, 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,” he said.
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