By Emmanuel Addeh
The federal government Tuesday officially opened the bids for 12 major roads in line with the Highway Development and Management Initiative (HDMI), under a concession agreement, pledging to be fair and transparent during the exercise.
The roads, which 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
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).
In addition, 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.
About 75 construction companies have bidded for the concession of the 12 Federal highways under the Highway Development and Management Initiative, HDMI.
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