The House of Representatives have resolved to investigate the procurement process of the Lagos -Calabar coastal high way.
The House also called on the Minister of Works, Minister of Finance and the Attorney-General of the Federation and Minister of Justice to ensure that all guarantees and credit enhancement instruments for the Lagos-Calabar Coastal Road Project are sent to the National Assembly for approval.
The motion titled “Urgent need to Investigate the procurement process and award of contract for the Lagos-Calabar Coastal Highway was moved by Hon Austin Achadoduring plenary in Abuja. Moving the motion Achado noted that the Federal Ministry of Works has executed an ENGINEERING PROCUREMENT CONSTRUCTION AND FINANCE contract, in favour of Hitech Construction Company Nigeria Limited, for the delivery of the 700km Lagos to Calabar Coastal Road and Rail Project estimated at a rate of N4.329 Billion Naira per kilometer, using reinforced concrete technology for a carriage width of 59.
He worried that the Federal Ministry of Works in promoting the project has provided a rate per kilometer for the planned works, but has not provided the private partner’s financing sources, structure and competitiveness, as this is likely to create contingent liabilities to the Nigerian Government
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