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Nairaland Forum / Nairaland / General / Politics / US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project (10030 Views)
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US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by Blue3k(m): 9:47pm On Mar 08, 2019 |
United States Export Import Bank (US-EXIM) in partnership with an American multinational engineering firm, AECOM, has offered to grant a loan to help Nigeria fund infrastructure development in the country. Source: https://leadership.ng/2019/03/05/us-exim-bank-aecom-offer-support-for-nigerias-infrastructure-devt/amp/ 10 Likes 3 Shares |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by Blue3k(m): 9:57pm On Mar 08, 2019 |
The High Speed Rail was proposed for Coastal States corridor. Cutting travelling time 11 hours from Lagos to Calabar by road to less than 3 hours by bullet Train. Amaechi should hop this ASAP the coastal railline would be one of the more profitable routes in terms of passenger rail traffic. It will be good for interstate commerce. I trust the American work more than the Chinese any day. Besides this company seems to do good work. I do like their how their terms are transparent aswell. 29 Likes 3 Shares |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by Robnectar(m): 7:37am On Mar 09, 2019 |
hmmm ![]() |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by pdiddy100(m): 7:39am On Mar 09, 2019 |
Haters will not like this Waiting for them.... They said Buhari is clueless They chose mr thief They will wail for ever You know "they" nah ![]() 29 Likes 5 Shares |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by Boyooosa(m): 7:39am On Mar 09, 2019 |
Blue3k:Exactly. In addition to this, they should make it 'tech transfer' unlike those Chinese guys that will be forming 'foreign language' when it comes to exposing the cores to the Nigerian technical crews. pdiddy100:Grow up bro everybody is in March 2019 designking:I agree with you. But let's be hopeful that things are possibly getting better. May be our attitude as a country (majorly through our leaders tho) have been blowing up the opportunities. May be this might be the time for progressive nation, its all about our attitude to function well. I assure you that if good attitude is being guaranteed from the necessary qtrs, we ll get there. Mind you, nobody, no decent society wants to invest in a porous system like ours except the smart cunning ones that know the crookered ways to go about it. China has distinction in that! Take that from me. 13 Likes |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by Chuksomenia(m): 7:42am On Mar 09, 2019 |
This would definitely boost the economy if implemented. And it's high time we got speed trains in this country 4 Likes 1 Share |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by designking: 7:42am On Mar 09, 2019 |
These are empty offers. The America based investors always propose big offers but that is where it ends. No action or move to actualize their talks. The Chinese remains the only true investors willing to help build our infrastructure. Where is the GE mega power generation plant they propose few years back? US investors likes talks and memo too much. 34 Likes 2 Shares |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by TheAngry1: 7:44am On Mar 09, 2019 |
ok |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by Fidelismaria: 7:45am On Mar 09, 2019 |
Damn That's a lot of money |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by davodyguy: 7:45am On Mar 09, 2019 |
I hope this comes to fruition. This would be extremely good if Buhari can fix infrastructure 4 Likes |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by tysontim(m): 7:45am On Mar 09, 2019 |
If Amaechi and Tinubu did not take up this then they as useless to South as P 2 Likes |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by GoodMuyis(m): 7:45am On Mar 09, 2019 |
Blue3k: Good one even though the term will be much to the benefit of the US company, seeing that they want the deal to pass through us embassy. 7 Likes |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by fasterwell(m): 7:49am On Mar 09, 2019 |
This is what u get when integrity and honesty are found in the president elect Wnat do u expect when President Trump personally signed his congtatulatory message to President Buhari on his re-election? The world is getting Buharified 23 Likes 2 Shares
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Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by otokx(m): 7:52am On Mar 09, 2019 |
If true, it should be privatized from the very start. 1 Like |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by seunfly: 7:53am On Mar 09, 2019 |
Western world has been crying like a baby since China has started investing in Africa, they have played every game to derail Africa/China infrastructural partnership and it has not been successful now they have no choice but to join the partnership. 16 Likes 4 Shares |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by SmartMugu: 7:53am On Mar 09, 2019 |
This seems like a well-thought-out proposal that's worth considering, as long as it is managed by the expatriates themselves. It will most likely become stories if the loan is handed to FG to manage the projects. 2 Likes 2 Shares |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by starstaz(m): 7:53am On Mar 09, 2019 |
designking: Abi ooo something we will rediscuss and re projected in 2029. |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by SEGLIZ: 7:53am On Mar 09, 2019 |
if pdp/atiku could lay their hands on this cash, I fear generations that will not read this history would keep paying the debt. the more reason they vehemently want a return, this is what they do for a living. americans wanting to partner the lifeless one, want partner the shit hole. willingly they are making the offer. Buhari is a failure, APC is scam...........indeed. 11 Likes 1 Share |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by Nobody: 7:55am On Mar 09, 2019 |
This coastal rail project was Gen. Olusegun Obasanjo administrations idea in the 70s. Oil boom money could have finished this back then. 3 Likes 1 Share |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by Printerscanner: 7:56am On Mar 09, 2019 |
tysontim: But Goatluck is not useless abi? At least his wife stole for the South. 5 Likes |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by seunfly: 7:57am On Mar 09, 2019 |
Lymasaba:That is the beauty of multipolar world, the beauty of competition and alternative. Capitalism does not operate that way, capitalist is about exploitation of the people around to your own benefit and keep them in the position of exploitation for ever. Emergence of China distort the party for the west, during cold War Era soviet union tried to do what China is doing now, but too much wars and instability reduced the prospect, however China is preparing Africa for future China ie industrial Centre or factory of the world while China is trying to move to upper class of production which is more profitable, more of mental work than industrial stuff. olajide8: They have not lost out at all, the race has just began, I only wish Africans can take advantage of this race now to their own benefit but trust African leaders, all they care about is their own pocket and insatiable corruption. 7 Likes |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by OlujobaSamuel: 7:59am On Mar 09, 2019 |
Hmmmmmmm, make Una sha bẹ careful, this one they are the one offering us and not we requesting. Let the project also be like the Chinese ones we have been having, they should carry out the project themselves using our people and theirs to pass knowledge. No giving of cash to anybody, we no wan hear tori later on o 4 Likes |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by alsudaes1(m): 8:01am On Mar 09, 2019 |
fasterwell: 4 Likes
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Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by SEGLIZ: 8:07am On Mar 09, 2019 |
designking: you are right but no one would love to put his or her money in a gulping machine. a good number of our debt are from grant, loan etc that are meant for projects that are not executed, mind you money are currently back in their economy as a result of embezzling, starched in some vault in some ikoyi towers, maitama duplex, some buried. check the Chinese they come down to execute the project themselves knowing who our leaders are. if the americans adopt this method it work. who knows if exim is having a trust is this government let's keep our fingers crossed. 2 Likes |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by DeLaRue: 8:09am On Mar 09, 2019 |
designking: Things are changing. America wants to challenge China's growing influence in Africa. The Trump administration is setting up a new fund entirely which will be focused on establishing US investment foothold in Africa in order to reduce Chinese influence and control. This new strategy is a big deal as it is US government money. Not private US companies like GE. The fund will apply to projects across Africa, not just Nigeria. Saying that, the US investment is unlikely to match China's but it will still be a win for African countries. I personally believe this could be the best investment news for Nigeria in several years. I hope the Buhari government will grab this opportunity with open arms. But, don't bet on it as Nigeria may be afraid of upsetting China which is lending us so much. That will be a grave error. We need to play both sides. The 2 elephants want to fight in our territory. If we play our diplomatic game right, there will be one winner. Nigeria. 8 Likes 2 Shares |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by SEGLIZ: 8:14am On Mar 09, 2019 |
OlujobaSamuel: my bro it is better they offer us than we go for them cos the terms and conditions would be light. the handling shouldn't be about transfer of knowledge alone but the money no go land our people hand wey be na storm they always blow money for projects go back oversea, soakaway, private vault, ikoyi towers. 1 Like |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by Lymasaba(m): 8:24am On Mar 09, 2019 |
seunfly:that's wat the useless America Should be doing from the start. To help Nigeria become industrialized nation and see how China will get cut off, since their dominance is in west africa 2 Likes |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by Lymasaba(m): 8:27am On Mar 09, 2019 |
DeLaRue: 5 Likes 1 Share
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Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by SEGLIZ: 8:27am On Mar 09, 2019 |
Ije004: unna done come!? we done hear. |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by olajide8(m): 8:28am On Mar 09, 2019 |
Blue3k: They lost out in the race for africa - when china was on rampage - they are slow to the development party in nigeria ![]() ![]() 4 Likes 1 Share |
Re: US-EXIM Bank, AECOM Offer Support For $11.1bn Nigeria’s Coastal Rail Project by Sheriff19: 8:54am On Mar 09, 2019 |
Let move at our own pace, i think a Bullet Train for Nigeria now is not economically sustainable even the chinko Rail we currently building now are not yielding their running cost yet. Majority of Nigerians can not afford to travel by air, not to talk of bullet train, the fee is almost X2 or X3 of the air-fare. Or can you pay 30-35K naira from calabar to Lagos?This price is even small considering we don't even have a stable electricity, if the transportation company factor this into the fare the price will be like 50K one way unless we are asking for another subsidy from FG. If you can pay, how many Nigerians can pay that, how are we going to payback the loan. US want to add salt to our Injury, its an economic trap. Blue3k: 1 Like |
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