dapadawee:
Ghana is way far ahead of us in everything except corruption and all the bad things including misappropriation. the only thing cancelled in Nigeria is our vote. mchtewwww

SoNature:


I am wondering how Ghana plans to repay $2b.

They must be thinking that Chinese loans are Paris Club loans, so that you can turn around and plead for cancellation tomorrow.

rusher14:
Children of hate looking for what to hate on this thread but they haven't yet understood it.

References:
It was reported in an earlier thread how Ghana's 340km proposed MoU rail line had an equivalent funds project as our 156km own from Lagos to IBADAN...

https://www.nairaland.com/5218656/crcc-construct-560km-railway-line#78896949

Joe Ghartey, Ghana’s minister of railways development, says he has cancelled the MoU with the China Railway Construction Corporation Corporation (International) Nigeria Limited (CRCC-Nigeria) “for breach of confidentiality”.

Ghana had entered into CRCC- Nigeria for the construction and rehabilitation of a 560-kilometre standard gauge railway line.

However, after a report in TheCable comparing railway contract costs in Ghana with Nigeria’s, the minister came under pressure to do “damage control”.

In a statement sent to TheCable on Monday, Ghartey acknowledged that the ministry signed an MoU with CRCC-Nigeria.

TheCable had reported that CRCC offered to rehabilitate and construct a 560-kilometre standard gauge railway line for Ghana at $2 billion, with terminals at Aflao and Elubo.

“Messrs CRCC-Nigeria expressed interest in supporting the Ministry to develop and modernise Ghana’s railway network, particularly the Trans-ECOWAS line, which runs along the coast between Aflao, on the border with Togo, and Elubo, on the border with Cote d’Ivoire,” the statement read.

“The purpose of the MoU is for CRCC-Nigeria to undertake feasibility studies through the use of independent consultants.

“CRCC-Nigeria is responsible for verifying the project cost as estimated by the feasibility studies and also raise capital to finance the project.”

However, the minister said his ministry was yet to respond to a proposal by CRCC-Nigeria to establish assembly plants for building locomotive coaches and wagons.

The ministry was, however, silent on the 340-kilometre Eastern line project that is estimated to cost $2.2 billion which will link Accra, Tema and Kumasi,

In March, Rotimi Amaechi, Nigeria’s former minister of transportation, had told reporters that the $1.5 billion allocated for the 146-kilometer Lagos-Ibadan project has been altered due to additional construction work on the project but refused to disclose the new sum.

TheCable understands that the new cost is $2 billion — which is exactly the amount CRCC-Nigeria is offering to construct and rehabilitate the 560-kilometre standard gauge railway line in Ghana.


https://www.thecable.ng/yet-conclude-2bn-rail-proposal-ghanaian-minister

References:
It was reported in an earlier thread how Ghana's 340km proposed MoU rail line had an equivalent funds project as our 156km own from Lagos to IBADAN...

https://www.nairaland.com/5218656/crcc-construct-560km-railway-line#78896949

Joe Ghartey, Ghana’s minister of railways development, says he has cancelled the MoU with the China Railway Construction Corporation Corporation (International) Nigeria Limited (CRCC-Nigeria) “for breach of confidentiality”.

Ghana had entered into CRCC- Nigeria for the construction and rehabilitation of a 560-kilometre standard gauge railway line.

However, after a report in TheCable comparing railway contract costs in Ghana with Nigeria’s, the minister came under pressure to do “damage control”.

In a statement sent to TheCable on Monday, Ghartey acknowledged that the ministry signed an MoU with CRCC-Nigeria.

TheCable had reported that CRCC offered to rehabilitate and construct a 560-kilometre standard gauge railway line for Ghana at $2 billion, with terminals at Aflao and Elubo.

“Messrs CRCC-Nigeria expressed interest in supporting the Ministry to develop and modernise Ghana’s railway network, particularly the Trans-ECOWAS line, which runs along the coast between Aflao, on the border with Togo, and Elubo, on the border with Cote d’Ivoire,” the statement read.

“The purpose of the MoU is for CRCC-Nigeria to undertake feasibility studies through the use of independent consultants.

“CRCC-Nigeria is responsible for verifying the project cost as estimated by the feasibility studies and also raise capital to finance the project.”

However, the minister said his ministry was yet to respond to a proposal by CRCC-Nigeria to establish assembly plants for building locomotive coaches and wagons.

The ministry was, however, silent on the 340-kilometre Eastern line project that is estimated to cost $2.2 billion which will link Accra, Tema and Kumasi,

In March, Rotimi Amaechi, Nigeria’s former minister of transportation, had told reporters that the $1.5 billion allocated for the 146-kilometer Lagos-Ibadan project has been altered due to additional construction work on the project but refused to disclose the new sum.

TheCable understands that the new cost is $2 billion — which is exactly the amount CRCC-Nigeria is offering to construct and rehabilitate the 560-kilometre standard gauge railway line in Ghana.


https://www.thecable.ng/yet-conclude-2bn-rail-proposal-ghanaian-minister

vaxx:
Ghana isn't a poor country. 2 billion dollar is not much for the country. They just recently complete Tema sea port expansion project which cost 1.5 billion dollar . It will be open by the end of this MONTH.

SoNature:


I am wondering how Ghana plans to repay $2b.

They must be thinking that Chinese loans are Paris Club loans, so that you can turn around and plead for cancellation tomorrow.

PetroDollax:

this story is crap. how come this news has not been reported in Ghana? how and why will Ghana's minister of railways development send a press release to a nigerian news channel and not the Ghanaian press, that holds more relevance for his government?

can anyone produce anything to authenticate the involvemnet of CRCC nigeria in the project in Ghana? CRCC is a chinese company with headquarters in china. To the best of my knowledge, Ghana is dealing with the headquarters of the chinese company in china, not its nigeria affiliate. that is how chinese companies operate. anyone with a verifiable contrary insight can share it.

ignore this sham story. it was planted by vested nigerian interests, as usual.

lagdmark:

I hope it's not gonna be another ghana project like the just completed Flooded Kotoka International Airport terminal 3.

dapadawee:
Ghana is way far ahead of us in everything except corruption and all the bad things including misappropriation. the only thing cancelled in Nigeria is our vote. mchtewwww

Babanlagenius:
Not news. Walks out quietly and shut the fvcking door slowly.

vaxx:
This is ignorant statement. What is wrong In a flooded airport. Malaysia most famous airport got flooded . One of the biggest soccer match event Manchester against Chelsea. Water was seen scooping out of the field.

Terminal 3 wasn't flooded actually, it was a propaganda. And the part of the airport that was flooded had been reconstructed .

Antoeni:
Bleep Ghana and Ghanaians who re they,
They should be happy and count themselves Privileged say Lagos they Run things with them

dapadawee:
Nigeria is better in terms of education, currency, tourism, rate of poverty, insecurity, power, infrastructure road, entertainment. if I need a brain check it probably because I have a brain. but u Biko don't go for check at all because u might be astounded by the fact that you don't have a brain empty skull

Ayhomes:
If you are not a Ghanaian then you need to have your brain check sir. We are not in any competition with GHANA, they are just our bitter enemy. GHANA can compete with Lagos state not Nigeria pls, because even economy and of Lagos state is bigger than That of GHANA. Pls check the facts before you quote me. Plssss

Olukat:



Take time to read before commenting
Tanzania just finished over 380km under $1.5b and you know what they founded it
Stop playing senseless politics.
I believe Ghana didn't cancel any contract, it's the usual media lies to hide Nigeria officials and
the obvious fraud that's laden with LAG-IBA rail project

Ballmer:
And we are suppose to believe u ba ?!

simonlee:
Our own is standard gauge while their own is light-rail. i don't know why you're making it sound like i inflated contracts

bizzibodi:
Nigerian rail contract is not involved d railroads only,it also includes construction of pathways via hills,valleys,filling of swamps,buildings, workshops,bridges,telecoms infrastructure,coaches & carriages e.t.c.