The federal authorities has threatened to mete out a stiff sanction to the China Civil Engineering and Building Company (CCECC) over the firm’s alleged failure to produce 85 per cent counterpart fund for the the rail mission in some aspects of the country.
The Minister of Transportation, Muazu Sambo, decried the plain scoot of work in the Kanu-Kaduna and Port Harcourt-Maiduguri rail lines.
Sambo gave the warning on Saturday whereas briefing journalists in Lagos on the stop of a tour of the Lekki Deep Seaport to take a look on the stage of work done prior to now.
Sambo, who frowned on the perspective of the Chinese firm, said two years after the agreement grow to be signed, CCECC had now no longer supplied any of its 85 per cent counterpart fund for the rail mission.
Basically primarily based on him, the agreement stipulates that CCECC is to produce 85 per cent of the mission price whereas the federal authorities affords the excellent 15 per cent.
He said, “I possess given them till October 2022 to meet their possess piece of the agreement or stiff sanction may possibly be meted out to them.
“How may possibly it be said that two years after the agreement grow to be signed, CCECC is yet to produce a buck?”
Eradicate that historic Minister of Transportation, Rotimi Amaechi, had in March accused the firm of playing politics with the Kanu-Kaduna rail mission, urging the contractor to produce funding for the mission.
Amaechi had said, “The scoot is amazingly plain, the equipments are presupposed to be 2,000 plus, but what they (CCECC) possess introduced prior to now is 541, they claim that 300 and one thing equipment are in Kaduna. I will ship of us to have a examine. Even when you add that every together, you may possibly want 800 and one thing equipment in assign of 2,000 equipment that they are presupposed to inform. That map one thing is noxious somewhere.
“I do know they (CCECC) claim that there is no cash, that now we possess now no longer funded them. Nonetheless what of their accountability in the contract that they’ll search for the cash?
“CCECC has now no longer introduced cash, the Chinese are seemingly to be no longer any longer giving us cash for more than three to four years now. So CCECC can now no longer come up with the cash for to delay of their accountability to search for cash for the mission. That is what the Chinese have to prevent.”