Value Added Concession News Today

FG says it is seeking concessionaires and other private sector organisations to fund the construction of 35,000km of federal roads.

September 5,2023. The Minister of Works, Dave Umahi, has said that the tolling of Federal highways across the country will start soon. The Minister reiterated this during a media briefing in Abuja on September 4 while commending the move by Oyo State Governor Seyi Makinde to collaborate with his Lagos and Ogun counterparts – governors |

Minister of Works, Babatunde Fashola, urges the Highways Development and Management Initiative (HDMI) concessionaires to perform effectively.

The winning operators are expected to add value to the roads, construct and operate tolling facilities, as well as install and operate weighbridges.

The winning operators are expected to add value to the roads, construct and operate tolling facilities, as well as install and operate weighbridges.

Views: Visits 4 …As FG promises a transparent, competitive process By Chris Ochayi About 75 construction companies have bidded for the concession of the 12 Federal highways under the Highway Development and Management Initiative, HDMI. Recall that the Federal Ministry of Works and Housing had in December 2020, received the Certificate of Compliance for the Outline Business Case for the HDMI. Julius Berger PlC, Dantata and Sawoe construction companies were among other...

The 12 pilot road corridors earmarked for concession are for the Value-Added Concession programme.

About 75 construction companies have bidded for the concession of the 12 Federal highways under the Highway Development and Management Initiative, HDMI.

The initiative is aimed at creating alternative sources of financing road development and management in the country.

Punch Newspapers Sections Okechukwu Nnodim, Abuja Under the new Highway Development and Management Initiative of the Federal Government, private individuals will be permitted to build, operate or maintain assets on some federal highways that are up for concession. Already, the Federal Ministry of Works and Housing had received the Outline Business Case Certificate of Compliance to the commence procurement process for the concession of 12 federal highways under the HDMI. In January, The PUNCH e...