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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 exclusively reported that the FMWH had been certified to commence the concession process for 12 pilot federal highways.
The concession of the roads may also signify the return of toll gates as concessionaires will have to recoup their investments.
Private individuals are now permitted to build, operate or maintain assets on some federal highways that are up for concession, the federal government has said. The arrangement is under the new highway development and management initiative (HDMI). The initiative is contained in a new document on how the partnership would be.The Advocate
In its bid to ensure the regular maintenance of its road network across Nigeria, the Federal Ministry of Works and Housing plans to concession no fewer than 12 federal highways to private entities to manage.