FG Approves N438bn Road Projects
…Trailer Park Concessions Nationwide
The Federal Government has approved road construction and rehabilitation projects worth about N438 billion, alongside several highway and trailer park concessions under public-private partnership arrangements.
The approvals were made at the Federal Executive Council (FEC) meeting presided over by President Bola Ahmed Tinubu at the Presidential Villa, Abuja, on Wednesday.
Minister of State for Works, Bello Goronyo, disclosed the approvals while briefing State House correspondents after the meeting.
Among the approved projects is the reconstruction of the Ado-Ekiti–Iyin–Aramoko–Itawure–Osun border road in Ekiti State, valued at N159.83 billion. The project was awarded to CBC Global Civil and Building Construction Nigeria Ltd.
The council also approved a N54.12 billion variation order for the rehabilitation of the Abeokuta–Iboro–Ilaro Road in Ogun State.
Another major approval is the N74.51 billion reconstruction of the 15-kilometre Port Harcourt–Eleme Junction–Onne Port Junction section of the East-West Road in Rivers State.
The contract was awarded to RCC Nigeria Ltd., with a nine-month completion period.
In Ekiti State, FEC approved N54.52 billion for Phase II rehabilitation of the Ado-Ekiti–Afe Babalola University Road, which forms part of the Ado–Ijan–Iluomobi–Imesi–Ondo border route.
The council further approved N94.24 billion for the construction of the Ilara–Iselu Road, Phases II to V, in Ogun State. The project was awarded to JRB Construction Company Ltd. and is expected to be completed within 24 months.
Under the public-private partnership component, the government approved a 40-year concession for the development of the 7.9-kilometre Dikko–Maje section of the Suleja–Minna Road in Niger State at an estimated value of N56.75 billion. Graciatech Engineering Nigeria Ltd. will undertake the concession.
The operation and maintenance of the Lagos–Ibadan Expressway was also approved under a 25-year concession valued at N96.43 billion, with LIB Concession Group as the concessionaire.
In addition, FEC approved the development of a greenfield trailer park at Aro-Ngwa in Abia State under a 50-year concession valued at N19.70 billion. The project will be handled by Greg Jane International Ltd.
The approvals are part of the Federal Government’s efforts to improve road infrastructure, strengthen transportation networks and promote private-sector participation in the development and management of critical infrastructure across the country.
