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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.
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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.