Share this:

Like this:

Like Loading...
" />
Published On: Tue, Mar 11th, 2014

‘FG earmarks N10bn as Abuja rail project counterpart fund in 2014’

Share This


By Stanley Onyekwere

In a bid to ensure early completion of the Abuja Rail Mass Transit project, the Federal Government has earmarked the sum of N10 billion from its 2014 Subsidy Reinvestment Programme (SURE-P) as counterpart funding.

The Minister of the Federal Capital Territory (FCT), Senator Bala Mohammed made this revelation yesterday, while presenting the FCT 2014 SURE-P budget to the Senate Ad-Hoc Committee on SURE-P, in Abuja.

He said the total cost of the Abuja Rail Mass Transit project comprising of final design and construction of Lots 1 and 3 respectively, which is approximately 60.67 kilometers, is US$823,540,545.87 only, with a completion period of 36 months.

He disclosed that the Federal Government had earlier obtained a concessional loan of US$500 million from EXIM Bank of China; leaving US$323,540,545.87 to the Nigerian government as counterpart.

According to a statement by the Chief Press Secretary to the minister, Muhammad Sule, it was further revealed that the Federal Government through the National SURE-P also intends to expend the sum of N13 billion on Nyanya Labour Camp, Wasa and Mamusa West District and other construction this fiscal year in the Federal Capital Territory.

Mohammed further disclosed that this N13 billion is to provide infrastructure for affordable housing in satellite towns of Wasa, GidanDaya, Mamusa West, rehabilitation of 6KM Kuje-Gwagwalada Phase 1Road, extension of Karshi-Apo Road (F106)(16KM) as well as construction, equipping and provision of boreholes to 12 Primary Health Care Centres in FCT amongst others.

Meanwhile, the minister added that the FCT Administration is projecting to receive the sum of N3, 711,340,206.24 in 2014 as its SURE-P share to focus on developmental programmes.

“The sum of N600 million would be used to construct rural access roads in conjunction with DFID; while the sum of N500 million has been earmarked for the construction of School of Health and Technology this fiscal year.

“N100 million and N450 million would be used for the construction of 2nos Standard Clinics in the Federal Capital City and Pilot Phase of the 5,000 Units of Universal Metering Pre-Payment System for the FCT Water Board to support revenue generation, respectively.

“The sum of N300 million and N90 million has been earmarked for the establishment of FCT Rehabilitation Home (Bustle Facility) as well as furnishing and equipping of 3nos Standard Clinics accordingly.

“Destitution management support and solar powered boreholes in 14Nos Public Health Care Centres would receive the sum of N50 million each,” the statement added.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

%d bloggers like this: