A total of 75 companies are bidding for 12 federal roads to be concession under the first phase of the Highway Development Management Initiative (HDMI).
Mrs Abimbola Asein, Head Public Private Partnership (PPP) Unit of the Federal Ministry of Works and Housing, disclosed this at the opening of Request For Qualification (RFQ) bid on Tuesday
The News Agency of Nigeria (NAN) reports that the HDMI was created by Federal Government to develop and manage the federal Road network through sustainable Private-Sector investment.
The 12 roads to be concession under the first phase of the HDMI are: Benin – Asaba, Abuja – Lokoja; Kaduna – Kano; Onitsha – Owerri – Aba; Sagamu – Benin; Abuja – Keffi – Akwanga; Lokoja – Benin; Enugu – Port Harcourt; Ilorin – Jebba; Lagos – Ota – Abeokuta; Lagos – Badagry; and Kano – Shuari – Potiskum – Damaturu.
The initiative is aimed at creating alternative sources of financing road development and…
Source: Vanguard Newspaper