Nigeria Opens Railway to Private Sector

The Nigerian state has passed into law an act of the National Assembly to repeal the old Nigeria Railway Act of 1956 and re-enact the Nigerian Railway Act of 2008 to make for railway concessioning, implementation of National Railway Policy and establishment of a regulatory framework for the sector.

According to Section 59 of the new act,concessioning will be implemented as follows:

(1) Subject to the provisions of this Act, the Corporation shall be responsible for the concessioning of core operational assets such as rail tracks, stations and other facilities shall be identified and concessioned to private rail sector operators within the framework of the vertically integrated concession model for proper funding and effective service delivery.

(2) The Corporation shall consider for concessioning the railway networks into separate parts as follows—Western Railway; Eastern Railway; Central Railway; and Lagos Rail Mass Transit.

(3) Subject to the provision of this Act concession may be granted in—commercial operation of the rail services; operation, maintenance, renewal, remodeling of existing railway system, operation of commercial freight and passenger service; operation of passenger service under public service obligation; and making railway infrastructure available to third parties for the operation of passenger service.

Please follow and like us:

Rail-Bus

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Tokyo Metro Afraid of Olympics

Sat Nov 3 , 2018
Tokyo’s subway system, known for its punctuality, efficiency and at times overcrowded trains, will be tested when hundreds of thousands of foreign visitors descend on the Japanese capital for the 2020 Olympics, experts say. Nearly 20 million people use public transport daily in the greater Tokyo area, home to more […]
%d bloggers like this: