The Lagos-Calabar coastal highway project is estimated to cost N4 billion per kilometre, according to a statement by former vice-president Atiku Abubakar. However, Governor Umahi claims that the cost is actually lower, at N4 billion per kilometre instead of N8 billion per kilometre.
700-kilometre Lagos-Calabar coastal highway project will cost N4 billion per kilometre.In a statement on April 7, Atiku Abubakar , former vice-president,the Lagos-Calabar coastal highway project could cost the federal government “N15.7 trillion” — putting the approximation of each kilometre being built at N22.5 billion.
“You will find out that our cost is N4 billion per kilometre, instead of the N8 billion per kilometre,” he said.Shoulder, also known as breakdown lane, is located by the verge on the outer side of a road, used for emergence stop. “And so, when you run the figures, you will now find out that under his calculation, it is giving over 19 percent per kilometre. Now, divide it by the 22 kilometres that they are doing, it is about 2.225 times a standard superhighway carriageway, which is 11.55.
He said the cost has reduced despite the government’s current plan being an upgraded version of the road.Umahi said the project was never envisged by the present administration to be under public-private partnership .“It has always been an engineering procurement construction plan+finance,” he said.
Lagos-Calabar Coastal Highway Project Cost N4 Billion N15.7 Trillion Estimate Atiku Abubakar Umahi Infrastructure
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