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The Minister of Works and Housing, Babatunde Fashola, 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 Au
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).
Babatunde Raji Fashola
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 So
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Okechukwu Nnodim
The Federal Government on Friday received an Outline Business Case Certificate of Compliance and stated that it was now set to commence the procurement process for highways concession.
It received the compliance certificate from the Infrastructure Concession Regulatory Commission.
Minister of Works and Housing, Babatunde Fashola, who received the certificate on behalf of the government and the works ministry, said the roads billed for concession were under the Highway Development and Management Initiative.
The PUNCH had exclusively reported on Friday that the Federal Government would receive the compliance certificate for 12 pilot federal highways billed for concession.