Transport

FG Approves Concession of Lagos, Abuja Airports

Vice President, Prof. Yemi Osinbajo, on Monday said the Federal Executive Council (FEC) has approved the concessioning of the Lagos and Abuja International Airports for better management.

Osinbajo said this in Abuja at the fifth Presidential Quarterly Business Forum aimed at improving the ease of doing business in Nigeria.

“We are working hard to make the airports more passenger friendly, but then we have several issues.

“Infrastructure is in a terrible state and we know that public sector has a poor record on maintenance of facilities.’’

Lagos Flags Off Work on Oshodi-Airport Road

The Lagos State Government on Monday flagged off the building of a 10-lane Oshodi-International Airport Road, with a pledge to complete the project within the next 15 months.

The state Commissioner for Waterfront Infrastructure Development, Mr Adebowale Akinsanya, said at the ceremony that the project was in line with the state government’s commitment to transform the entire axis.

China Building Deepest Underground High-Speed Railway

China is building the world’s deepest and Asia’s largest underground high-speed railway station.

Workers are constructing the high speed railway beneath the Great Wall at the Badaling section in Beijing.

The station under construction will be 3-story high and have a 36,000 square meters floor area, including platform, entrance and exit. The railway tracks will be 102 meters underground.

According to Sputnik, the station is an important part of a 12.01 kilometres long tunnel section of the 174-kilometre Beijing–Zhangjiakou high-speed railway line.

African Airlines Record Highest Passenger Growth –IATA

The global passenger traffic has recorded 11.7 per cent growth in May 2017, showing African airlines leading all regions compared to the results in 2016.

Mr Alexandre de Juniac, Director-General of International Air Transport Association (IATA) in Geneva, said in a statement released in Lagos on Thursday that African airlines also recorded the highest passenger traffic growth in April with 17.2 per cent compared to April 2016.

Nigeria Ready to Combat Sea Piracy –Transport Minister

Nigeria will spend $186m to combat piracy in a bid to safeguard its waters and vessels moving in and out of the country.

Transport minister, Chibuike Rotimi Amaechi revealed this in a speech at Nor-Shipping’s inaugural Africa Podium in Oslo, Norway.

The Fund is meant to acquire three new ready-for-war ships, three aircrafts, 12 vessels and 20 amphibious vehicles to combat the menace of piracy in the Gulf of Guinea.

In the latest report by the International Maritime Bureau (IMB), Nigeria was named as one of the hotspots for sea piracy.

‘Airports Concession may not be Feasible until 2019’

The National Union of Air Transport Employees (NUATE) on Tuesday said the Federal Government’s plan to concession the four major airports in the country might not be feasible until 2019.

Mr Olayinka Abioye, General Secretary, NUATE, told the News Agency of Nigeria in Lagos that all thorny issues surrounding the concession must be addressed before the exercise.

The government had recently appointed transaction advisers to midwife the concession of the Lagos, Abuja, Kano and Port Harcourt airports.

Maritime: FG Approves $186m to Fight Piracy

The Federal Government has approved $186million to combat piracy on Nigerian waters and N100 million to dredge River Niger.

The Minister of Transportation, Mr Rotimi Amaechi, disclosed at a one-day National Conference on Fast-Tracking Port Reforms with the theme “Making Nigerian Seaports World Class’’, in Lagos on Thursday.

The conference was organised by The Nation newspaper.

Amaechi explained that “Mr President has approved 186 million dollars to fight piracy in our waters.

FG Plans to Set Up National Airline

Nigeria has appointed advisers to help it set up a national airline and develop its aviation infrastructure -- currently seen as a barrier to economic growth -- to create a hub for West Africa, junior aviation minister Hadi Sirika said on Wednesday.

Sirika said a group of six firms including German carrier Lufthansa would advise the government on setting up an airline, an aviation leasing company and a maintenance hanger, and on creating concessions to run the country's airports, Reuters reports.

Buhari Seeks $5.85b in China Loans for Rail Network

Nigerian President Muhammadu Buhari is seeking approval from parliament for a proposal to borrow $5.85 billion from China to modernise the country's rail network.

Growth in Nigeria - an OPEC member whose economy, the largest in Africa, has been hammered by low oil prices - has been stunted for decades by a lack of investment in the road and rail network.

FG Reopens Abuja Airport after Six-Week Shutdown

Nigeria reopened the capital's airport in Abuja on Tuesday, officials said, following a six-week closure for runway repairs that disrupted international air traffic to the country.

During the shutdown, authorities diverted flights to Kaduna, a provincial airport 160 km (100 miles) away, where carriers including British Airways, Lufthansa and South African Airways refused to fly on security grounds.

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