Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by Taeewo(m): 7:55am On Jun 01, 2019 |
consider the exchange rate of dollar to naira/cedis. |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by Olukat(m): 7:55am On Jun 01, 2019 |
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Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by olioxx(m): 7:55am On Jun 01, 2019 |
helinues: Lol.
Who caused Nigeria?
.
U nor go school?
.
Cursed not caused. 1 Like |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by ObinnaObinna(m): 7:55am On Jun 01, 2019 |
Let this not take your mind from the fact that all this money China keeps giving to African countries for loans and building projects, one-day they come back for it. And if you know China well they give with their right hand and take back with their left. This is colonialism all over again. |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by Aldebaran(m): 7:56am On Jun 01, 2019 |
Hmmmmm Na He G RI A ![grin](https://www.nairaland.com/faces/grin.png) Nigeria politicians and corruption are like 5&6 1 Like |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by Acidosis(m): 7:56am On Jun 01, 2019 |
tactius: Looking at this article.... It says that crcc is building the railway for 2 billion
And that Sinochem, another company, will be providing 3 billion for railway construction projects.
So the total cost is 5 bn for 560km of railway lines.
Someone misinterpreted a newsreport Read it again. It is not stated that Sinochem is funding the same 2bn railway 2 Likes |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by Nobody: 7:57am On Jun 01, 2019 |
tactius: Looking at this article.... It says that crcc is building the railway for 2 billion
And that Sinochem, another company, will be providing 3 billion for railway construction projects.
So the total cost is 5 bn for 560km of railway lines.
Someone misinterpreted a newsreport I am very sure the OP himself did not read the article before posting it. Head line readers. 2 Likes |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by nototribalist: 7:57am On Jun 01, 2019 |
Amaechi won't make heaven 1 Like |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by bamasite(m): 7:58am On Jun 01, 2019 |
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Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by lanrexdo(m): 7:58am On Jun 01, 2019 |
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Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by Victorclean1: 7:58am On Jun 01, 2019 |
Please don't rush to condemn our contract with the Chinese company. HOW MANY BRIDGES WERE INVOLVED IN GHANA RAILWAY CONSTRUCTION? Etc . 2 Likes |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by bettercreature(m): 7:59am On Jun 01, 2019 |
tactius: Looking at this article.... It says that crcc is building the railway for 2 billion
And that Sinochem, another company, will be providing 3 billion for railway construction projects.
So the total cost is 5 bn for 560km of railway lines.
Someone misinterpreted a newsreport The writter is not a good editor he made lot of mistakes The actual amount seems more than $5 billion 2 Likes 1 Share |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by airsaylongcon: 7:59am On Jun 01, 2019 |
tactius: Looking at this article.... It says that crcc is building the railway for 2 billion
And that Sinochem, another company, will be providing 3 billion for railway construction projects.
So the total cost is 5 bn for 560km of railway lines.
Someone misinterpreted a newsreport At 5bn that's roughly 8.9m per km. Ours is 12.8m per km. E good? 1 Like |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by yesloaded: 7:59am On Jun 01, 2019 |
Agbaletu: Yeeparipa! The report did not state if Ghana's Rail is also standard guage just like Ibadan-Lagos rail line or it is single. We also need to compare the number of choaces. Don't just read topic but body yes, its standard gauge line OK 1 Like |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by Nobody: 8:01am On Jun 01, 2019 |
Acidosis:
Read it again. It is not stated that Sinochem is funding the same 2bn railway I have done some more research, and the cost of the project covers the Accra, Tema and Kumasi LINE.... $2.2bn Eastern Rail Project Kicks Off April 5, 2019
Joe Ghartey (3rd right) in a photograph with the investors, Prof. Baffour and his deputy
Investors, who are to construct the $2.2 billion Eastern Railway line, have expressed their readiness to commence work as soon as possible.
The investors are under the Ghana-European Railway Consortium in which the Government of Ghana is to take a minority stake.
This came to light at the launch of the commencement of negotiations on the concession agreement for the Eastern standard gauge on Thursday, April 4, 2019, at Peduase, near Aburi in the Eastern Region.
There are expected to be 24 passenger trains and six freight coaches after completion of the 340-kilometre railway project.
The Eastern Railway line, which links Accra, Tema and Kumasi, is expected to boost economic activities especially at the Boankra Inland Ports after completion.
The construction is expected to last three years, and the consortium hopes the project will be a shining example of Ghana-German Corporation.
The German-European Railway Consortium, which is undertaking the project, has pledged to start work in earnest.
There would be six main stations, 34 sub-stations on the track, which is a double line. The consortium hopes to recoup its investment within 27 years after the construction.
Minister for Railway Development, Joe Ghartey, said the project is a Build, Operate and Transfer (BOT) deal.
He stated that “the railway that we are seeking to build is a modern one, and I believe strongly that the railway sector will transform our nation in ways that you and I have not thought about yet.”
Approval
The elated minister indicated that the outcome of the negotiations would be forwarded to Cabinet for approval and afterwards sent to Parliament.
A member of the consortium, Heinz Kroczek, described the project as “a nation-building project.”
During the construction phase, he said that about 5,000 jobs would be created and an additional 3,000 jobs are expected to be created after completion.
Aside from the 8,000 jobs linked to construction and post construction, an additional 540 jobs are to be created through the establishment of rail slippers factory which is expected to manufacture 1,000 slippers daily.
He said Ghanaians would be trained in Germany as part of the deal.
History
The last time a train travelled from Kumasi to Accra was in 2001.
The Eastern line and the whole railway sector were dormant until the New Patriotic Party came to power in 2017.
During his third State of the Nation Address (SONA) on February 21, 2019, President Akufo-Addo announced that a total of $1 billion had been allocated to the development of the sector, with $500 million of that amount expected to go the Western line and $500 million for the Kumasi-Paga stretch.
Minister for Planning, Prof. Gyan Baffour, explained that government intends to revamp the rail sector in the country.
He indicated that enhanced and integrity transport network is essential for economic transformation and mobility.
CONSTRUCTION WORKS on the $2.2 billion worth Eastern railway line are expected to commence soon, DGN Online can confirm.
The investors under the Ghana-European Railway Consortium have signaled that they are ready to begin works as soon as Parliament and Cabinet approve the deal.
This came to light at the launch of the commencement of negotiation of concession agreement for the Eastern standard gauge.
Government is to take a minority share of the deal.
The project is expected to be 24 passenger trains and six freight coaches upon completion of the 340 kilometres construction.
The line links Tema, Accra and Kumasi and it is expected to boost economic activities especially at the Boankra inland ports upon completion.
The construction process, DGN Online gathered, is expected to last for three years and the Consortium “hope the project will be a shinning example of Ghana-German corporation, with the Ghana-European Railway Consortium which is undertaking the project, pledging to start work in earnest.
There will be six main stations, 34 substations on the track which is a double line, with the Consortium hoping to recoup its investment within 27 years after the three years of construction.
Minister of Railway Development, Joe Ghartey, says the project is a Build, Operate and Transfer (BOT) deal and that the concession would be given for a certain number of years.
He stated that ” the railway that they are seeking to build is a modern railway. “
According to him, “I believe strongly that the railway sector will transform our nation in ways that me and you have not thought about yet.”
Approval
The elated Minister indicated that the outcome of the negotiation would be forwarded to Cabinet for approval and that afterwards it will be sent to Parliament.
A member of the Consortium, Heinz Kroczek described the project as ” it is a nation-building project.”
During the construction phase, he noted that about 5000 jobs would be created.
An additional 3,000 jobs are expected to be created.
Aside the 8,000 jobs linked to the construction and post construction, an additional 540 jobs are to be created through the establishment of a rail slippers factory which is expected to manufacture 1,000 slippers daily.
Ghanaians, he noted, would be trained in Germany as part of the deal.
History
The last time a train traveled from Kumasi to Accra was in 2001.
The Eastern line and the entire railway sector was dormant until the New Patriotic Party (NPP) Government came to power in 2017.
President Akufo-Addo during his third State of the Nation’s Address on February 21, 2019 announced that a total of $1 billion had been allocated to the development of the sector, with $500 million of that amount expected to go the Western line and $500 million for the Kumasi-Paga stretch.
Minister for Planning, Prof. Gyan Baffour explained that government aims to revamp the rail sector in the country.
He indicated that enhanced and integrity transport network was essential for economic transformation and mobility
https://dailyguidenetwork.com/2-2bn-eastern-railway-project-ready-to-take-off/
The contractor is even different. Yes, there is corruption in Nigeria. Yes, there is inflation in Nigeria.....Yes, APC is a mess....but the report get as it be. 1 Like |
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Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by Mateen1000: 8:01am On Jun 01, 2019 |
As if we no know say dey scam us 1 Like
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Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by princeade86(m): 8:02am On Jun 01, 2019 |
Agbaletu: Yeeparipa! The report did not state if Ghana's Rail is also standard guage just like Ibadan-Lagos rail line or it is single. We also need to compare the number of choaces. it stated it sir. Read back. 1 Like |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by Yankee101: 8:02am On Jun 01, 2019 |
Corruption is grinding naija to a halt 1 Like |
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Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by gnykelly(m): 8:03am On Jun 01, 2019 |
Glorymax: We are being scammed everyday in this country, and that's why we will keep moving in circles without making any progress. These foreign business partners knows the character of Nigeria systems, so they collaborates with insiders and deal with us as they like, to their advantage and the Nigeria partners selfishness. Even if the Ghana rail construction is not the same as Nigeria's, it has always been so for project executions in Nigeria compared to other nations you are not being scammed read the article very well... that $2bn was Ghana government fund.. another $3bn was provided making $5bn. 1 Like |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by GMbuharii: 8:03am On Jun 01, 2019 |
1 Like |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by OgogoroNo2: 8:03am On Jun 01, 2019 |
docadams: https://www.thecable.ng › crcc-5... Web results GERC to construct 340km railway line in Ghana at $2bn — cost of 156km Lagos ...
OP research your post very well. One source, different headlines already. |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by Sunmolar(m): 8:03am On Jun 01, 2019 |
Agbaletu: Yeeparipa! The report did not state if Ghana's Rail is also standard guage just like Ibadan-Lagos rail line or it is single. We also need to compare the number of choaces. You got it right. |
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Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by martowskin1(m): 8:05am On Jun 01, 2019 |
Realdeals: Uptill now CRCC are still paying compensation for those whose property will be destroyed for the Lagos/Ibadan railway project and maybe they won't spend so much to buy diesel in powering their project camp like they are doing in Nigeria.
Some of these variables are not constant, beside GEJ administration negotiate the contract and made part payment. see how weak u guys can be.... GEJ name will never leave u peoples mouth..... this in NIGERIA AND GHANA.... NOT PMB AND GEJ 1 Like |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by drey076(m): 8:05am On Jun 01, 2019 |
But Ghana land mass is not up to half of ogun state, so the cost to me is ok |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by newproject(m): 8:06am On Jun 01, 2019 |
![cool](https://www.nairaland.com/faces/cool.png) Naija get money To spend |
Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by otokx(m): 8:06am On Jun 01, 2019 |
Junk journalism aka fake news factory. 3 Likes |
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Re: CRCC to construct 560km railway line in Ghana at $2bn, cost of 156km Lagos-Ibada by Sunmolar(m): 8:06am On Jun 01, 2019 |
We don't know if the major materials (steel) will be sourced locally. Also, the terrain of Ghana will affect the cost. 2 Likes |
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