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Published On: Wed, Apr 9th, 2014

Investment in inter–modal transport system can grow commerce, industry–Expert

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The Chairman, Ports Consultative Council, Chief Kunle Folarin, said on Wednesday that substantial investment in inter-modal transportation could boost growth in the nation’s commerce and industrial sectors.

Folarin told the News Agency of Nigeria (NAN) yesterday in Lagos that such investment would bring out the business opportunities in the transport system.

NAN reports that an inter-modal transport system involves the use of more than one mode of transportation.

“New ideas are going to come up which possibly are not in use today.

For example, we have seen that we have to develop a policy that de-emphasises only one mode of transport system.

“We have seen that we need to look at investments in other areas of the modes. For example, we have to see how we can use the waterways for socio-economic development.

“We have to use the waterways for commercial purposes. “We have to also use the rail to relieve the road system of the pressure and perhaps use the investment which has hitherto been put on the road system alone to develop other systems.

“At the end of the day, this will open the way and show the opportunities that are available in other modes in transport system. I think this is key to our development.”

Folarin also said the ideas canvassed at the conference especially as they affected the maritime sector, would be used in transforming the nation’s maritime transport network.

He, therefore, urged the government to coordinate the activities of operators in the nation’s transportation network and not just stop at formulating policies. (NAN)

 

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