The Federal Government has concluded plans to concession 10 major highways in the country.
Minister of Works, Babatunde Fashola, stated this on Wednesday while presenting details of the project to the National Assembly Joint Committee on Works.
Fashola said the first phase of the project will attract a capital investment of N163.323bn at a cost of about N16bn per each of the 10 roads.The roads are Benin – Asaba, Abuja – Lokoja, Kaduna – Kano, Onitsha – Owerri – Aba, Sagamu -Benin, Abuja -Keffi – Akwanga, Kano – Maiduguri, Lokoja – Benin, Enugu-Port Harcourt, Ilorin-Jebba.He said the investors are expected to provide streetlights, toll plazas, rest areas, and weighbridge stations.
“Through the Value Added Concession, there will be job creation in communities that fall along the route which will bring about an increase in rural development.
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