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Breaking News | Government launches initiative to permit individuals build, maintain highways

Views: Visits 37 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.

Kano–Maradi Line to Boost Economic Activities – FG – NTA ng – Breaking News, Nigeria, Africa, Worldwide

Kano–Maradi Line to Boost Economic Activities – FG – NTA ng – Breaking News, Nigeria, Africa, Worldwide
nta.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nta.ng Daily Mail and Mail on Sunday newspapers.

Road concession: FG expecting N1tn private sector investments

FG gets ICRC certificate, begins highways concession procurement

Punch Newspapers Sections 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.

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