Home / Metro News / FCTA to receive N23bn SURE-P intervention fund -Minister

FCTA to receive N23bn SURE-P intervention fund -Minister

Minister of the Federal Capital Territory, Bala Mohammed

The FCT Administration has concluded plans to receive N23bn intervention fund from the Subsidy Reinvestment Programme to execute some vital projects in the territory.

This is contained in a statement issued on Monday in Abuja by Mr Nosike Ogbuenyi, the Special Assistant on Media to the FCT Minister, Sen. Bala Mohammed.

It statement quoted the minister as disclosing this while receiving the Chairman of SURE-P, retired Air Marshal Martin-Luther Agwai at the weekend.

Mohammed added that the proposed SURE-P intervention fund would help to accelerate the completion of the projects which he described as ‘people-centred’.

“The fund will however be subject to endorsement by the National Assembly via appropriation.

“Already, under the statutory budget, FCT is projected to receive a total of N3.7billion.

“The N23bn 2014 National SURE-P Budget funding for FCT will cover Abuja Rail Mass Transit Project in which N10bn has been earmarked.

“It will also cover the provision of infrastructure at Nyanya Labour Camp, Wasa and Mamusa West Districts (affordable and social housing districts) and some vital construction projects, ” the statement quoted him as saying.

Mohammed said that FCTA approached the National SURE-P to intervene in some critical projects to fast track the completion of the FCT rail mass transit scheme.

The minister added that the FCTA under his leadership had given special attention to projects that would impact positively on the lives of the ordinary people.

“The first phase of the FCT railway project covering a distance of 60.67 km of standard gauge railway tracks and associated permanent way within the FCT is billed for completion in 2015.

“The total contract price of the project of the current phase is 823.5 million dollars and 500 million dollars of this sum was provided as concessional loan from the EXIM Bank of China,” he said.

Responding, the SURE-P Chairman, described Abuja as an important project of the Federal Government.

Agwai said that Abuja, as the headquarters of the Economic Community of West African States and the conference hub of the African continent required special intervention to bridge funding gaps.

“We hope that this year and subsequent years, we will work hand-in-hand with the FCT Administration to achieving a more beautiful Abuja.”

He explained that the Project Implementation Unit (PIU), SURE-P and the FCTA would work out plans on how to spend the fund once appropriated by the National Assembly.

<script type="text/javascript"><!-- google_ad_client = "ca-pub-7302103714501030"; /* ND6 */ google_ad_slot = "9287784905"; google_ad_width = 336; google_ad_height = 280; //--> </script> <script type="text/javascript" src="//pagead2.googlesyndication.com/pagead/show_ads.js"> </script>

Leave a Reply

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

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>