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The federal government has ordered massive rolling stock ahead of the commencement of commercial operation on the Lagos-Ibadan standard gauge project. The rolling stock comprises 30 engines, 63 coaches and 200 wagons.
The chairman of the Nigerian Railway Corporation (NRC), Engr. Ibrahim Alhassan, disclosed this on Thursday when he led 24 other members of the corporation on an inspection of the 156-kilometer project… More details through: https://www.dailytrust.com.ng/fg-orders-200-wagons-63-coaches-others-for-lagos-ibadan-rail.html
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Uber Technology Inc. is planning to launch its boat business in Lagos, Nigeria’s commercial capital and biggest city, to beat traffic congestion.
The ride-hailing service company is in talks with the Lagos state government and regulatory authorities to start Uber Boats services on its waterways, Uber’s Chief Business Officer Brooks Entwistle said Thursday in an interview. “We know the traffic is a priority and we think we can help there,” Entwistle said. “We are having fruitful good discussions with the regulators right now, it is what we are doing this week, we are meeting with partners.” The executive did not give a time line on when the service will begin… More details through: https://www.bloomberg.com/news/articles/2019-06-27/uber-plans-to-launch-boat-taxis-in-nigeria-s-biggest-city-lagos The Italian government on Tuesday announced its readiness to invest in Nigeria’s transportation sector. It also said it would concretise the move to bring Italian companies to Nigeria through the public private partnership platform.
The Italian Ambassador to Nigeria, Stefano Pontesilli, disclosed this when he led a delegation to the headquarters of the Federal Ministry of Transportation in Abuja. He was quoted in a statement issued by the Head, Press and Public Relations, FMOT, Mohammed Idris, as saying, “It is very important for us to have a high calibre of delegation in order to collaborate with the Nigerian government in the area of transportation.”… More details through: https://punchng.com/italy-set-to-invest-in-nigerias-transportation-sector/ The Federal Government has approved the sum of $2.3bn for the development of a coastal rail line that will run through coastal states in the country. It was gathered that of the sum, $1.8bn would come as a loan from China, while the Federal Government would provide $500m as counterpart fund…
More details through: https://punchng.com/fg-approves-2-3bn-for-coastal-rail-line-development/ The 90-hectare Ibadan Inland Dry port (IDP), being undertaken by the Nigerian Shippers’ Council (NSC), has been estimated to gulp about $99.6 million (35.8 billion). The Minister for Transportation, Rotimi Amaechi, disclosed this during the handing over of the document for the 90 hectares of land approved for the project by the Oyo State Government…
More details through: https://guardian.ng/business-services/ibadan-inland-dry-port-to-gulp-n35-8-billion/ The Kano State Government has concluded arrangement for a multi- billion-naira Bus Rapid programme(BRT) in the state. The move was in furtherance of effort to ensure urban regeneration and sustainable transportation.
According to the state’s Director General, Media and Publicity, Ameen K. Yassar, the initiative, which is the first of its kind in the state, is a “tip of the iceberg infrastructural project” as the Ganduje administration commences its second term in office on May 29. BRT is a high quality bus – based public transport system designed to deliver fast, comfortable and cost effective services at metro – level capacities. It does this through the provision of exclusive lanes with busways and distinctive stations typically aligned to the centre of the road, off – board fare collection and fast, regular operations… More details through: https://www.thisdaylive.com/index.php/2019/04/30/kano-concludes-arrangements-for-multi-billion-naira-brt-project/ The Executive Secretary, Nigerian Shippers Council, Mr Hassan Bello, says Ibadan, the Oyo State capital, may soon get two inland dry ports – one by the Catamaran group and the other by Chinese investors.
He said the development would encourage healthy competition between the two dry ports operators and provide alternative vibrant ports for the business class… More details through: https://punchng.com/ibadan-to-get-two-dry-ports/ The value of the logistics sub-sector of the economy currently stands at $700 million (N250 billion), according to the 2018 Logistics and Supply Chain Industry report.
The report presented by the Director General of the African Centre for Supply Chain, Dr Obiora Madu, said that the value of the logistics sector as at 2017 was N200 billion in terms of the value of goods and services as well as the value of the decayed infrastructures… More details through: https://www.vanguardngr.com/2019/03/value-of-nigerias-logistics-industry-hits-n250bn-report/ Maersk Line has said that it is reviewing its freight rates, Peak Season Surcharge upwards for all cargoes coming to Onne from any part of the world, effective March 11, 2019, for non-regulated corridors and April 1, 2019, for regulated corridors.
It said the freight rates for cargoes coming from any part of the world to Onne would be $750 per 20-foot and 40-foot containers, while cargoes coming from the United Kingdom and Ireland to Onne would attract 660 Euros… More details through: https://punchng.com/maersk-to-increase-freight-rates-in-nigeria/ The West African Container Terminal (WACT), Onne Port, Rivers State, has ordered 10 terminal trucks, two reach stackers and one empty container handler worth $2.5 million (N900 million), to cope with increasing volume at the terminal.
The Managing Director of WACT, Aamir Mirza, stated this during the inauguration of four new terminal trucks to enhance service delivery to its customers. The four new trucks arrived the country recently. Mirza, said the increase in cargo volume at the terminal necessitated the need to increase the number of the cargo handling equipment and truck fleet… More details through: https://www.thisdaylive.com/index.php/2019/02/15/wact-orders-2-5m-equipment-to-handle-container-volume/ |
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