Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta (1963 Views)
Poll: Is the rail project to ND for $7.5BN a good Idea?Yes: 54% (6 votes)No: 45% (5 votes) This poll has ended |
Ex-N'Delta Militants Declare Atiku Persona-Non-Grata / Don't Insult Jonathan On Facebook - N'Delta Group Appeals / Boko Haram To N'Delta Militants: Bastards Let’s Roll Some Heads (2) (3) (4)
| Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 7:07pm On Mar 05, 2009 |
Thursday, March 5, 2009 Consortium plan $7.5bn high speed rail from Lagos to N'Delta By Emeka Ezekiel Oracle Nigeria Limited, a wholly owned indigenous company, is proposing to build a high speed train that will connect Lagos and the Niger Delta region. The project is estimated to gulp about $7.5bn A high speed train is electrically propelled to operate at a speed in excess of 250km per hour. Such trains presently operate in Europe and Asia, some at speeds in excess of 300km per hour. They are safe, efficient, reliable, and comfortable in travelling distances generally between 150km and 1,000km apart. The Chairman/Chief Executive Officer of the company, Mr. Emmanuel Ehiemua, told our correspondent in an interview in Lagos that the project would be funded through "a mix of private capital/equity and public funding/guarantees." He explained that funding sources would come from regional development banks, Africa Development Bank and ECOWAS Fund. Private funding sources will be from major Nigerian banks and other financial institutions. According to Ehiemuwa, "We have had this vision since 2001, when it was first suggested to the last administration.This vision is the construction of a high speed rail link from Lagos to the Niger Delta in a journey time of about four hours. "The proposed corridor for the HSR is Lagos, Ondo, Edo, Delta, Bayelsa, Rivers, Abia, Imo, Akwa Ibom and Cross River states. "It is envisaged that travelling time from Lagos to Calabar will not exceed four hours, inclusive of stops. This mode of transportation will create relief in a country fraught by road accidents, which according to the World Health Organisation account for over 32,000 deaths in Nigeria every year." http://odili.net/news/source/2009/mar/5/403.html |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 7:08pm On Mar 05, 2009 |
I believe the name of the rail line will be kidnappers express.  |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by mustafar1: 7:13pm On Mar 05, 2009 |
its not funny jare what if they had said it would be from lagos to kaduna or maiduguri or oshogbo. wetin u go call am then? |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 7:13pm On Mar 05, 2009 |
Light rail project begins operations 2011 —Fashola Written by VANGUARD Thursday, March 5, 2009 Governor Babatunde Fashola of Lagos State, Tuesday, said the state government’s intra-city light rail projects for the first two rail routes would commence full public operations by 2011. Governor Fashola who disclosed this while speaking at an Economist Conference on CEO Agenda for Nigeria, in Lagos, said the first route would run from the Western axis in Okokomaiko towards Badagry right to the Lagos Central Business District while the second one would run from Iddo to Ijoko Otta in Ogun State. advertisement He said his administration was working on its intra-city light rail and water transportation projects to reduce pressure on road transportation in the state. Said he: “We are investing in the construction of two intra-city light rail routes with the first one commencing from the western axis in Okokomaiko to the Lagos Central Business District (CBD). The second one would be from Iddo to Ijoko in Ogun State and both are due for delivery by 2011, with their ground breaking coming up this August.’’ Fashola reiterated that the investment was a demonstration of the belief in the local economy as initially done by the concessioning of the first two kilometres of the Lekki-Epe Express road where the state has committed N5 billion as a sign of its seriousness. http://odili.net/news/source/2009/mar/5/305.html |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 7:15pm On Mar 05, 2009 |
its not funny jare GrinAlmajiri express |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by mustafar1: 7:16pm On Mar 05, 2009 |
you no serious. oshogbo nko |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 7:17pm On Mar 05, 2009 |
oshogbo nkoFreedom express |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by mustafar1: 7:21pm On Mar 05, 2009 |
then i guess abuja would be looting express. Yes? |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 7:22pm On Mar 05, 2009 |
then i guess abuja would be looting express. Yes?Yes. |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by DisGuy: 9:11pm On Mar 05, 2009 |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by ilaugh1: 9:15pm On Mar 05, 2009 |
if na for America or London dem make this kain announcement, una go begin apply to work for them, but in Nigeria una go dey condem d thing, why na? |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by MrCrackles(m): 9:21pm On Mar 05, 2009 |
Nigeria and misplaced priorities When are we going to learn?  |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by ilaugh1: 9:23pm On Mar 05, 2009 |
what is misplaced priority in a private consortium trying to make profit by embarking on a project they think is profitable? |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by Kobojunkie: 9:28pm On Mar 05, 2009 |
Dis Guy: That site carries a virus! I tried accessing it and my virus alarm went off!! |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by 4Play(m): 9:28pm On Mar 05, 2009 |
If you are a regular consumer of Naija news, you will know that many of these spectacular announcements of gigantic investment projects never see the light of day. |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by MrCrackles(m): 9:30pm On Mar 05, 2009 |
4 Play: Gbam and the ones that do, fizzle out quicker than a can of cheap cola! |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 9:47pm On Mar 05, 2009 |
http://oraclenigeria.net/Roflmao Where did you see they've been out of business for 10 yrs? |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 9:47pm On Mar 05, 2009 |
If you are a regular consumer of Naija news, you will know that many of these spectacular announcements of gigantic investment projects never see the light of day.What of Transcorp? |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by doyin13(m): 9:48pm On Mar 05, 2009 |
MrCrackles: You sef. . .stop drinking cheap aba-cola |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by MrCrackles(m): 9:48pm On Mar 05, 2009 |
doyin13: Stop picking on me, old man!  |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 9:50pm On Mar 05, 2009 |
You too fear, see the contents here: Home Contents Search News Feedback “The Preferred wholly Nigerian owned Company for Quality Assurance and Manpower Supply”. Introduction Oracle Limited was formed with the main objective of utilizing a multi-disciplinary approach to its clientele services in order to provide its customers with an integrated means of meeting their needs and achieving their objectives. The basic philosophy is therefore to provide always to our customers, whether large or small enterprises, a complete, objective and unique service, invariably to add value to their operations. Our Mission “To provide our customers always with proactive, personalized ,cost effective and profitable solutions that are globally quality benchmarked and anchored on value added, safety and local capacity development as the driving business objectives”. Contact Information Telephone +234 1 773 8345 FAX +234 1 580 3795 Postal address 16 Burma Road, Apapa. Lagos Electronic mail General Information: information@oraclenigeria.net About Oracle Oracle Limited was incorporated as a Limited Liability Company on 12th November 1984, with Registration Number N0. RC 66714 to offer high-level professional consultancy services to industrial organizations, corporate bodies, financial institutions, the petroleum and gas industry, maritime and mining industries respectively. The Company was founded by Mr. Emmanuel O. Ehiemua B.Sc (Hons) Econs, Hull UK, FCA (ICAEW) and is the Executive Chairman. Oracle Limited is a wholly – owned indigenous Nigerian Company, and is therefore a Category A Company under the Local Content Categorization of Service Companies Implementation Policy of the Nigerian Oil and Gas industry. |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by DisGuy: 10:35pm On Mar 05, 2009 |
St.Funmi: is Transcorp still alive? For him to put his degree and university after his name tells u everything about the isi ewu! there's no record of their previous work just plain format website! look at the press release |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by bawomolo(m): 10:39pm On Mar 05, 2009 |
The Company was founded by Mr. Emmanuel O. Ehiemua B.Sc (Hons) Econs, Hull UK, FCA (ICAEW) and is the Executive Chairman. jeez is all these necessary The website of this billion dollar consortium na wa. some Geocites look better |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 10:46pm On Mar 05, 2009 |
For him to put his degree and university after his name tells u everything about the isi ewu!Who cares about their achievement as long as they'll build us an over $7Bn rail on hire purchase or are they asking Yaradua for financing? is Transcorp still alive?Are they not the current owners of Nicon Noga/Hilton abuja and NITEL? http://www.transcorpnigeria.com/home/index.php |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by Fhemmmy: 10:51pm On Mar 05, 2009 |
i personally think such train will be a bad idea for Nigeria of present. A country where some women will be selling right beside the rails, at such speed, how will they move their stuff quick enuf, i am so sure there will be dead body daily at every city/village that the track runz thru. I will advice they need to improve what they have first and they build something of better technology, but high speed rail, i am not sure |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by bawomolo(m): 10:56pm On Mar 05, 2009 |
Fhemmmy: There is a reason civilized countries have warning signs and railroad police. Nigerians must be forced to abide by rules or face fines or jail terms. Who cares about their achievement as long as they'll build us an over $7Bn rail on hire purchase or are they asking Yaradua for financing? You want a company with history and pedigree to handle such project. Who would you prefer, a Project Manager with years of experience and certification or some rookie graduate? |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by Nobody: 11:23pm On Mar 05, 2009 |
Oracle limited - hope the guy was not planning a fast one on clients |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 11:27pm On Mar 05, 2009 |
You want a company with history and pedigree to handle such project. Who would you prefer, a Project Manager with years of experience and certification or some rookie graduate?There is no unqualified company that can cough up about $7Bn for such project up front. Even AIG cannot afford that now. |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by mustafar1: 11:32pm On Mar 05, 2009 |
if to say this company don supply us with better information, either thru the media or their website. we for fit contribute better. all this one una dey are all based on maibe, as in, its like, you know etc etc etc. are they constructing it and managing it. or they are constructing it and leasing it to govt to manage? what role is the government going to play in the whole thing (please dont tell me its private funded so government is not involved). there are more kweshuns that we need facts to. until that is provided we just dey waste our energy typing and thinking. |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by StFunmi(f): 11:39pm On Mar 05, 2009 |
Somehow am suspecting this company may be a hoax and an avenue for yaradua and co to funnel govt out of the country. They usually start with phoney companies, clear the site, do one or two things and abandon the project finally. |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by bawomolo(m): 11:41pm On Mar 05, 2009 |
St.Funmi: more reason you should be worried how they would get financing for this project. what banks would give an unknown company 7 billion dollars? |
| Re: Consortium Plan $7.5bn High Speed Rail From Lagos To N'delta by mustafar1: 11:57pm On Mar 05, 2009 |
St.Funmi: roflmao |
Qaddafi Is A Mad Man - Sen. David Mark / 2011: Inec Begins Voters’ Registration January ! / Raw Copy: Obasanjo's Historic Letter To President Goodluck Jonathan
(Go Up)
| Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 39 |