• June 19, 2021

FG Opens Bids For Concession Of 12 Highways, Promises Openness


== (AGENDAWATCHDOG) – The federal government on Tuesday formally opened the bids for 12 major roads in consonance with the Highway Development and Management Initiative (HDMI), under a concession agreement, assuring the pubic that the exercise would be fair and open.

This was disclosed by the Minister of Works and Housing, Mr Babatunde Fashola (SAN), represented by the Permanent Secretary in the ministry, Mr Hussein Babangida, during the formal bid opening ceremony.

According to the government, the initiative was created to develop and manage the federal road network through a sustainable private sector investment to maximise the use of assets along the Right of Way (RoW).

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The roads that are up for public/private partnership, include Benin-Asaba, Abuja-Lokoja, Kaduna-Kano, Onitsha-Owerri-Aba, Shagamu-Benin, Abuja-Keffi-Akwanga, Lokoja-Benin, Enugu-Port Harcourt, Ilorin-Jebba, Lagos-Ota-Abeokuta, Lagos-Badagry and Kano-Shuari-Portiskum-Damaturu rroad, which have a combined length of about 1,963km and represents less than 5.6 per cent of Nigeria’s 35,000km federal highway network.

In addition, the initial capital investments that the federal government is projecting is about N1.13 trillion, with employment potential estimated to be over 50,000 direct jobs and 200,000 indirect jobs.

PROJECTED IMPACT: The HDMI is aimed at creating alternative source of financing road development and management of the roads, while unlocking the economic potential of the project routes with attendant job creation opportunities.


Agenda Watchdog

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