75 companies bid for concession of 12 federal roads
The 12 pilot road corridors earmarked for concession are for the Value-Added Concession programme.
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The 12 pilot road corridors earmarked for concession are for the Value-Added Concession programme.
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 dev...
"Here it is. A Fact Sheet, a report card on the Buhari Administration, just a bit of the successes, as the milestone of six years is attained."
About 75 construction companies have bidded for the concession of the 12 Federal highways under the Highway Development and Management Initiative, HDMI.
The initiative is aimed at creating alternative sources of financing road development and management in the country.