The Minister of Transportation, Rotimi Amaechi has presented a N205 billion proposal as capital budget for 2021 before the National Assembly, noting that approval will enable the ministry to make significant progress on all its ongoing projects.
Amaechi disclosed this during his presentation before the Joint Committee of the Senate and House of Representatives on Land and Marine Transport in Abuja.
He said that out of the N205 billion, land transport had about N204 million, marine transport had N845 million with an overhead cost of about N358 million for the year 2021.
“The ministry is proposing a total capital budget of N205 billion with land transport estimates of N204 billion, marine transport estimates N845 million and overhead of N359 million in the 2021 budget, which is before you for consideration.
“The aims and objectives of these proposals are to make significant progress on all ongoing projects.
“And to complete and deliver modern railway services that will provide an efficient and cost-effective alternative transport system for economic growth and job creation opportunities for the citizenry,” Amaechi said.
