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| Image esanland.org passengers boarding the free test ride in Agbor Station |
The Economic Importance to Esanland & Edo
State
By Iwaegbe James, WPP
Jr
Brief History of
Warri Itakpe Rail Project
Abandoned over three
decades ago now almost in its final completion by Buhari Administration
ALL over the world
and for several centuries, rail transportation has been the foundation of
industrialisation, economic efficiency and productivity. This explains why
developed economies continue to expand and fine-tune its rail transportation,
while the developing economies strive to build their rail network and expand
the same. For instance, the rail infrastructure stock in the United States of
America increased 16-fold from 14,000 kilometres in 1850 to over 220,000
kilometres today. The United States’ rail network has annual revenues of about
$60 billion, provides 221,000 jobs and delivers 5 million tons of freight and
transports approximately 85,000 passengers every day. Findings show that
one-third of all exports from the United States are facilitated by rail
transport.
