The Federal Government is to invest N4.46 billion on the development of the transportation sector between 2011 and 2015.
This was contained in the Federal Government's Transformation Agenda Report on Key Policies, Programmes and Projects, issued by the National Planning Commission last week in Abuja.
"The estimated total investment for the transport sector during the period is approximately N4.46 billion. The investment will cover roads, railways, inland waterways, ports and airports development."
The Federal Government is to invest N4.46 billion on the development of the transportation sector between 2011 and 2015.
This was contained in the Federal Government's Transformation Agenda Report on Key Policies, Programmes and Projects, issued by the National Planning Commission last week in Abuja.
"The estimated total investment for the transport sector during the period is approximately N4.46 billion. The investment will cover roads, railways, inland waterways, ports and airports development."
The report said the main policy thrust during the plan period was to evolve "a multimodal, integrated and sustainable transport system with greater emphasis on rail and inland waterways transportation".
It said an enabling environment for Public-Private Partnership (PPP) had been created through new policies, legislation and institutional framework that would support the envisaged transformation of the sector.
"The development of a blueprint on key policies, programmes and projects for 2011 to 2015 is inspired by the need to address the challenges of decay and inadequate infrastructure and growing unemployment rate.
"The blueprint also seeks to provide a framework for the actualisation of President Goodluck Jonathan's economic growth agenda of 2011-2015."
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