TRAXPORT RAIL SERVICES LIMITIED
Rail–the future of freight in Nigeria
SERVICES
Industrial freight
Petroleum products, cement and more. Traxport freights materials essential to the economy
Agricultural freight
From grains, cashews to cocoa, Traxport provides freight of food products
Logistical freight
Traxport provides freight of containers from fulfilment centres across Nigeria
ABOUT
Traxport is a special purpose vehicle established to obtain and operate a freight service between the southern port city of Lagos, Nigeria and the northern industrial city of Kano.
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The service is proposed to operate on a recently refurbished 1500 kilometre narrow gauge (1,067 mm (3 ft 6in) rail line. The refurbishment is being handled by the China Civil Engineering Construction Corporation (CCECC).
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Traxport is currently primarily promoted by Broadview Worldwide Ltd and Bursbeg Nigeria Ltd, who currently each own 50% of the shares.
201
Population in million
475.3
GDP US$bn
(market rate)
1,075
GDP US$bn
(PPP)
12.9%
Inflation
Source: The Economist
THE PROJECT
​​With the deterioration of the railway service over many years, virtually all freight movements are by trucks as shown by the rail freight table below:
1964
2,960,00
freight tonnes
1974
1,098,000
freight tonnes
2010
<100,000
freight tonnes
The potentials for cargo are large as the existing road network is dilapidated and prone to delays.
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The South (principally Lagos) is the gateway to most of the imports into Nigeria. Lagos and South West Nigeria is also responsible for 60% of manufacturing capacity
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Conversely, the North is the agricultural heartland of Nigeria producing 80% of the food consumed in the South as well as valuable export crops like cotton, gum arabic, sesame and ginger.
TYPICAL CUSTOMER PROFILE
BROAD STRATEGY
The broad strategy would be to provide a mix of rolling stock and engines dedicated to moving freight northwards and southwards.
The ideal strategy would be to deploy intermodal units to speed up onward transfers from the train terminals to end-users.
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This will be done using a narrow-gauge line.
MANAGEMENT
Chukwuemeka (Emeka) Ndu, Price Waterhouse trained chartered accountant and erstwhile Managing Director and founder of Nigerian Stock Exchange -listed leasing company, C&I Leasing. Emeka is currently non -executive Vice Chairman at C&I Leasing and Cordros Capital, a leading Nigerian stock brokerage and advisory firm.
Soji Maurice-Diya has 20+ years of international work experience primarily serving the Telecommunications and Technology industries; boasting a strong track record of developing new businesses and innovating for the future. He has maximized value in diverse markets across 4 continents through effective execution, thought leadership, innovation and teamwork.
Godwin Peterside , MBA, businessman and management expert. and currently Managing Director of Eldarl Ltd with interests in construction and real estate. Godwin has previously served as General Manager & then Chairman of the Rivers State owned, Delta Hotels Group.
Rume Aggreh is a Harvard-trained lawyer, and has over 30 years of extensive broad based corporate/commercial transactional experience.
She worked as in house counsel for 19 years chiefly in the financial and telecommunications industries in Nigeria. She was the General Counsel to MTN before leaving to work in private legal practice.
CONTACT
Inquiries
For any inquiries, questions or commendations, please call: +234 816 708 9296, email: info @ traxportrailng.com or fill out the following form
Head Office
The Perez.
Plot 3 Block 3
Perez Drive off the Rock Drive
Lekki Phase 1.
Lagos, Nigeria
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