989900:


You can't decipher if it's too high or too low, until you have the details.

OTOH, subsidy funds in the past 4 years alone, could finance 12 of similar project.

LordTrezy:

I've seen your comments in two other threads, you are a wise lady. I would advice you to ignore those tribal e-warlords, it's not the same in reality. It's no crime you found yourself in the middle of two lovely tribe dear. Nigeria shall be great again. God bless your existence

Dollyak:

That's just heartbreaking. The rivalry has brought out ugly hatreds from both sides. One person called me a bastard and told me I am not better than a goat just because my Mum married a Yoruba. Yorubas too are just as bad if you criticise their behaviour toward Igbos.
How I wish both side can sit down, be logical and constructive for the best of both parties.

Realconfo:


The problem with Nigeria is forced integration, the tribes in Nigeria never wanted to be together, but they were forced to be together and their battle for supremacy is toxic and childish. The North,SE and SS have had secessionist movement for years and the SW is just waking up to how truly unstable Nigeria is, so they are allowing the extreme prejudice they have kept under wraps come out in full force, All the tribes in Nigeria are guilty of tribalism (Yorubas revere Awolowo and see Ojukwu as the aggressor, Igbos revere Ojukwu and see Awolowo as the evil one, All the Nations that supported Nigeria during the civil blamed Ojukwu for starvation, The one's who supported Biafra blamed Awolowo for starvation, so all the sides involved picked the one that show them in the best light). Nigerian government did not help matters by sweeping the war under the rug and not discussing it, the fact there is so much conflicting stories about the war is also an issue. Look at the German Holocaust the issue is straight forward ( the Nazis were at fault). I actually read an article from a Northerner where he wrote about how SW and SE hatred for each-other is beneficial to other regions and he was right. Nigeria will disintegrate eventually, may be not in 10 years or 20 years but it will happen, People have marinated in prejudice and hatred for so long for it not to happen. Sorry about your situation.

micktoxin:

You are right. To be honest, I made that comments based on similar project in western world. Sud Europe Atlantique fast train in france, is a 302km project with a cost of $8.49 billion=$28million per km.
For comparison, Google map shows the distance between Lagos VI and Abeokuta to be 103km, which means a $23million per Km($2.4Billion).
The trip between both end of the 302km is expected to take around two hours and ten minutes, which means in order to match that Lagos train must take the journey in ~45minutes. Unless Lagos state is buying ultra fast modern train, I doubt they will achieve such a feat?
When you factor the overhead cost, the quality of the train in France, then it's very easy to see why the project cost of Lagos rail is puzzling.
http://www.theguardian.com/business/2014/feb/09/high-speed-2-project-french-railway-construction
Many rail project with similar distance don't even come close to that price.

micktoxin:

You are right. To be honest, I made that comments based on similar project in western world. Sud Europe Atlantique fast train in france, is a 302km project with a cost of $8.49 billion=$28million per km.
For comparison, Google map shows the distance between Lagos VI and Abeokuta to be 103km, which means a $23million per Km($2.4Billion).
The trip between both end of the 302km is expected to take around two hours and ten minutes, which means in order to match that Lagos train must take the journey in ~45minutes. Unless Lagos state is buying ultra fast modern train, I doubt they will achieve such a feat?
When you factor the overhead cost, the quality of the train in France, then it's very easy to see why the project cost of Lagos rail is puzzling.
http://www.theguardian.com/business/2014/feb/09/high-speed-2-project-french-railway-construction
Many rail project with similar distance don't even come close to that price.

micktoxin:


http://leadership.ng/business/436265/lagos-metro-rail-transit-to-cost-n456bn-says-md-infrastructure-bank

Lagos state is forging way ahead of every state.

TonySpike:


Did you consider the terrain peculiarity in this modest analysis? I suspect that a number of overhead bridges might be involved in the particular Nigerian project, I might be wrong though...

paulibling:

i am an original IGBO. This post is to commend the good work on the rail track from both state. I salute the governors.

Realconfo:


The problem with Nigeria is forced integration, the tribes in Nigeria never wanted to be together, but they were forced to be together and their battle for supremacy is toxic and childish. The North,SE and SS have had secessionist movement for years and the SW is just waking up to how truly unstable Nigeria is, so they are allowing the extreme prejudice they have kept under wraps come out in full force, All the tribes in Nigeria are guilty of tribalism (Yorubas revere Awolowo and see Ojukwu as the aggressor, Igbos revere Ojukwu and see Awolowo as the evil one, All the Nations that supported Nigeria during the civil blamed Ojukwu for starvation, The one's who supported Biafra blamed Awolowo for starvation, so all the sides involved picked the one that show them in the best light). Nigerian government did not help matters by sweeping the war under the rug and not discussing it, the fact there is so much conflicting stories about the war is also an issue. Look at the German Holocaust the issue is straight forward ( the Nazis were at fault). I actually read an article from a Northerner where he wrote about how SW and SE hatred for each-other is beneficial to other regions and he was right. Nigeria will disintegrate eventually, may be not in 10 years or 20 years but it will happen, People have marinated in prejudice and hatred for so long for it not to happen. Sorry about your situation.

superstar1:


Amen oooooo.

Some clowns will now be telling us how they left their land to build another man's land.

micktoxin:

You are right. To be honest, I made that comments based on similar project in western world. Sud Europe Atlantique fast train in france, is a 302km project with a cost of $8.49 billion=$28million per km.
For comparison, Google map shows the distance between Lagos VI and Abeokuta to be 103km, which means a $23million per Km($2.4Billion).
The trip between both end of the 302km is expected to take around two hours and ten minutes, which means in order to match that Lagos train must take the journey in ~45minutes. Unless Lagos state is buying ultra fast modern train, I doubt they will achieve such a feat?
When you factor the overhead cost, the quality of the train in France, then it's very easy to see why the project cost of Lagos rail is puzzling.
http://www.theguardian.com/business/2014/feb/09/high-speed-2-project-french-railway-construction
Many rail project with similar distance don't even come close to that price.

Swiftboy:
Contrary to your opinion,a more prosperous Nigeria will not break. As a matter of fact,once things get better and development spreads all over the country,people will learn to blend in. Trust me,its only those that cant eat that clamour for this country to fall apart cos they're hoping they'll fair better alone. Lets just pray and workhard as individual and collectively to lift Nigeria higher. Well I dont want Nigeria to break,infact I think the civil war could have been averted.

chidinwachukwu:

Fo.ol,all of yoruba people should continue to focus on the development of a former capital of Nigeria to the detriment of your own undeveloping and archeological states of Oyo,Osun,Ekiti,and kwara.Ndi iberibe

chuna1985:
By the end of the project, Lagos debt will climb to 800 billion naira...

after1:
[s][/s]

anonimi: :
I thought there is a NRC shuttle train that runs along this Ogun-Lagos corridor several times daily.

Is it not more beneficial, value-for-money to increase the frequency and hire coaches/schedules to private companies instead of spending almost $3 billion building a parallel line with aloku metal scrap Toronto trains like the ones Fashola inspected since 2011 and paid $1 billion World Bank loan for that are yet to be seen in Lagos, four years after


]

Dont derail this thread with your foolishness, must everything be Fashola this and that.... If you have problem with Fashola, open a thread and vent your anger and frustration instead of polluting every thread with your madness. Mschew

mapet:


1. Unfortunately you only think one way. Let's even humour your phantom N800 billion supposed debt. Going by the said stats, at 300 per day (this is looking at a return trip) average for 340days in a 365 annaul days, fetches ......... you do the math........

2. Unfortunately still, while some of you just turn idiocy into an epidemic, sensible investors and builders of nations continue to take on viable capital project that serves the common good. Some of you are so interested in nitpicking unnecessary issues (Lagos debt, Fairly used coaches, and other ridiculous stuffs) while a typical Lagos has grown the IGR to 20billion + from 600 million, fastest growing city in Africa, GDP and economy bigger than many African countries.

3. I now see Babangida's point, (which we had thought was wicked) to be true. At this rate, this generation is not ready for leadership........... too many myopic empty brains.

Oyinloye expressed gratitude to President Good Luck Jonathan for granting the right of way for which the construction could start.

Swiftboy:
Contrary to your opinion,a more prosperous Nigeria will not break. As a matter of fact,once things get better and development spreads all over the country,people will learn to blend in. Trust me,its only those that cant eat that clamour for this country to fall apart cos they're hoping they'll fair better alone. Lets just pray and workhard as individual and collectively to lift Nigeria higher. Well I dont want Nigeria to break,infact I think the civil war could have been averted.

micktoxin:

bayulll01: :



Useless mofo maybe you were drinking when you typed those poo over there,read your comment again and see who is mentally deranged between u and me,olodo

Olodo got a first class and did his DPhil in one of the best universities in the world. In addition, he is a manager of a world renowned firm. I laugh at your stupidity.
Don't ever quote me again.

chidinwachukwu:

Fo.ol,all of yoruba people should continue to focus on the development of a former capital of Nigeria to the detriment of your own undeveloping and archeological states of Oyo,Osun,Ekiti,and kwara.Ndi iberibe

D1Wonder:
interesting! $2.5 billion dollars for how many kilometres of rail, what type of rail system, what type of trains on top? is this a brand new rail or its going to be on existing line? There are more questions to ask...who are the major contractors, financiers etc. its unfortunately that Nairalanders are not calling people to accountability before the project commences. We just take news hook, line and sinker and complain later.....I siddon look o

micktoxin:

You are right. To be honest, I made that comments based on similar project in western world. Sud Europe Atlantique fast train in france, is a 302km project with a cost of $8.49 billion=$28million per km.
For comparison, Google map shows the distance between Lagos VI and Abeokuta to be 103km, which means a $23million per Km($2.4Billion).
The trip between both end of the 302km is expected to take around two hours and ten minutes, which means in order to match that Lagos train must take the journey in ~45minutes. Unless Lagos state is buying ultra fast modern train, I doubt they will achieve such a feat?
When you factor the overhead cost, the quality of the train in France, then it's very easy to see why the project cost of Lagos rail is puzzling.
http://www.theguardian.com/business/2014/feb/09/high-speed-2-project-french-railway-construction
Many rail project with similar distance don't even come close to that price.

chuna1985:


Lol, All these stories to defend the unserviceable growing debt of Lagos...

Ur d kind of person who sits himself down n then execute self deception. .

mapet:


Ok @ toxin, tell me you were discribing a Nollywood fantasy in the bolded and not you

mapet:


Bros,

A lot of issues comes into costs, hence your too direct comparison falls flat. Are we able to pull the kind of funding the French, British and other advanced world can put together in a jiffy at the state of our economy? A typical Nigerian bank even the Zenith and GTs of this world will syndicate such loans with foreign consortium unlike a single HSBC or Bank of England that can single handedly finance a project 5times that magnitude; hence the cost begins to extend.

For me, I think we should look at the delivery/value side. Chasing the cost side argument is a lost cause. How long can the project pay itself. 7years? 10years? How does it impact the economy of the coverage areas, in terms of direct inflow of revenue and complimentary/secondary value in job provision, catalyzing ancilliary industries, Capital knowledge transfer and increase in government take. A friend of my always jokes that the "Jinbei" (Chinese subterfuge of Toyota Hi-Ace bus) is the consequence of Toyota's "misadventure" in China. What do we make of he "Misadventures" coming into Nigeria?

micktoxin:

A lot of issues comes into costs, oh really (*Surprised*)? Let's come to a tangent for a second. The aim of the comparison was to raise more political questions about any deliberate over budget.
I am more concerned about the ethical side of the project.

micktoxin:

To be honest, I didn't know the history of Nigeria and was beginning to dislike Awolowo.
Thanks for clearing this up. I am sure Igbos too will have their own view on the war, which I will be glad to know.

micktoxin:

A lot of issues comes into costs, oh really (*Surprised*)? Let's come to a tangent for a second. The aim of the comparison was to raise more political question about any deliberate over budget. In other word, I am more concerned about the ethical side of the project.
Comparisons using a division of the project by km/miles offer a semi accurate comparison, and are often use by most people with no access to the budget.
Similar comparison were made between SUD Europe and HS2 rail projects.
http://www.theguardian.com/business/2014/feb/09/high-speed-2-project-french-railway-construction
with the enormous cost of this project, even the flawed benefit-cost ratio falls to just above one: the level at which the cost to the public purse equals the forecast benefit to the economy.

micktoxin:

Nollywood fantasy indeed . Let me give you a snippets, I am a quant trader with a few analyst under my wing(I sell bull crap). Unfortunately, I am sure you can find a couple of my topic (2007 ) giving a bit more details on my background. At the end of the day the quote 'stay true to yourself' holds true here, and won't change my persona offline.
That is as far as I will go on this subject.
Perhaps. you should sign up to ]https://www.quantnet.com, you might catch a Nigerian or two deceiving themselves and others about who they are not.

Jobneeded12:


Wow all those states you mentioned except ekiti are richer than all South Eastern states
Ouch you actually forgot Ogun
I hope you won't die on envy