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The new Highway Development and Management Initiative of the Federal Government has given permission to private individuals to build, operate or maintain assets on some federal highways that are up for concession.
This comes right after the Federal Ministry of Works and Housing received the Outline Business Case Certificate of Compliance to commence the procurement process for the concession of 12 federal highways under the HDMI.
The PUNCH reports that the concession of the roads may also signify the return of toll gates as concessionaires will have to recoup their investments.
The Infrastructure Concession Regulatory Commission had handed over the certificate to the Minister of Works and Housing, Babatunde Fashola, at the FMWH headquarters in Abuja.
Abuja, Feb. 14, 2021 The Bureau of Public Enterprises (BPE) has revealed some Federal Government enterprises slated for concession soon.
Amina Othman, the Head of Public Communications in the bureau made the disclosure in a statement issued in Abuja on Sunday.
According to her, the enterprises are Tafawa Balewa Trade Fair Complex, Lagos International Trade Fair Complex (LITFC), Calabar Special Economic Zone (SEZ) and Kano Special Economic Zone (SEZ).
She also said that an International Investors’ webinar to showcase investment opportunities in the four enterprises was slated for Tuesday, Feb. 23 by 10am.
“The webinar is in line with the new mandate of BPE as contained in a new Federal Government circular.
The Minister of Works and Housing, Mr. Babatunde Fashola, has said with the receipt of certificate of compliance, the federal government is now set to officially commence the procurement process for concessioning of 12 roads under the Highway Development and Management Initiative (HDMI).
The roads are Benin-Asaba (125km), Abuja-Lokoja (193km), Kano-Katsina (150km), Onitsha-Owerri-Aba (161km), Shagamu-Benin (258km), Abuja-Keffi-Akwanga (122km), Kano-Shuari (100km), Potiskum-Damaturu (96.24km), Lokoja-Benin (270km), Enugu-Port Harcourt (200km), Ilorin-Jebba (129km), Lagos-Otta-Abeokuta (80km), and Lagos-Badagry-Seme (79km).
Fashola noted that the initiative would facilitate further development of Nigeria’s federal highway network by attracting investment to improve efficiency and accountability in the maintenance of all assets within the Right of Way (RoW) on the highways.
HDMI will open up highway economy, create jobs ― Fashola HDMI will open up highway economy, create jobs ― Fashola
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The Minister of Works and Housing, Mr Babatunde Fashola, has said that the Highway Development and Management Initiative (HDMI) will result in infrastructure and assets development as well as the creation of jobs for thousands of Nigerians.
According to the minister, “Apart from infrastructure and assets development, thousands of jobs will be created for Nigerians as the initiative will open up the highway economy with opportunities in various economic activities including fabrication of gantries and directional signages with advertising opportunities, towing van operations and auto repair stations, operation of rest areas and emergency services, among others.”
The Minister of Works and Housing, Mr. Babatunde Fashola, SAN, has said that with the receipt of the Certificate of Compliance, the Federal Government is to officially commence the procurement process for the highway concessions under the Highway Development and Management Initiative (HDMI).
According to the Minister, the HDMI would facilitate further development of Nigeria’s federal highway network by bringing in investment to improve efficiency, accountability, and profitable entrepreneurship to the operation, management, and maintenance of all assets within the Right of Way on the highways.
Mr. Fashola said that the initiative has further affirmed the President Muhammadu Buhari administration’s commitment to infrastructure development funding which has been driven by the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme Order of 2018, the Presidential Infrastructure Development Fund (PIDF) being managed by the Nigeria Sovereign Investment Authori