x

FG govt plan to reintroduce toll gates, as 12 highways set for concession

The Nigerian government is set to reintroduce toll gates on Nigerian roads as 12 highways have been earmarked for concession to private companies.

This was made known on Friday in Abuja by the Minister of Works and Housing, Babatunde Fashola, while receiving the Outline Business Case Certificate of Compliance for 12 pilot federal highways billed for the concession which signifies the return of the toll gates as concessionaires will have to recoup their investments.

The Minister said that the 12 earmarked roads were under the ministry’s Highway Development Management Initiative, adding that the Infrastructure Concession Regulatory Commission would hand over the certificate to the ministry at the FMWH headquarters in the FCT.

The 12 highways in the pilot phase include the Benin-Asaba, Abuja-Lokoja, Kano-Katsina, Onitsha-Owerri, Shagamu-Benin and Abuja-Keffi-Akwanga highways.

Others are the Kano-Shuari, Potiskum-Damaturu, Lokoja-Benin, Enugu-Port Harcourt, Ilorin-Jebba, Lagos-Ota-Abeokuta, and the Lagos-Badagry-Seme Border highways, which have a combined 1,963km stretch.

A document on the objectives of the HDMI presented by Fashola indicates that the initiative would attract sustainable investment and funding in the development of road infrastructure in the country.

The document also stated that the HDMI would maximise the use of assets along the right-of-way and develop other highway furniture.

According to the ministry, the targets are to develop an ecosystem along the federal highway network by bringing multi-dimensional resources of skills, finance, technology and efficiency into national highway governance.

Hot this week

“Strengthening Financial Integrity Is a Moral Responsibility for Nigeria” — NESLAI

….As Roundtable Reviews Achievements, Challenges and Prospects of Nigeria’s...

Why We Didn’t Do Our Court Wedding in Nigeria – Temi Otedola

Temi Otedola, daughter of billionaire businessman Femi Otedola, and...

FRSC Confirms Four Dead, Seven Injured in Kogi Road Accident on Lokoja–Ajaokuta Highway 

 By Noah Ocheni, LokojaThe Federal Road Safety Corps (FRSC)...

Mahmoud Applauds Sen. Remi Tinubu’s RHI Elderly Scheme

By Joyce Remi-BabayejuThe FCT Minister of State, Dr. Mariya...

TCN Boost power in Lagos with 300MVA Transformer Commissioning

By Francis WilfredAbuja, Nigeria - The Transmission Company of...

Civil Society Situation Room Rates NNPC GCEO High on Performance

***Lauds Reforms on Transparency, Improved Crude ProductionThe Coalition of...

Arteta: Winning Trophies Is Key to My Long-Term Future at Arsenal

Mikel Arteta has admitted that success on the pitch—particularly...

Sahel Jihadist Crisis Fuels Violence in Nigeria, Raises Security Threat Across West Africa

By Rachel Ndakotsu, Senior Researcher, Institute for Peace and...

De Rossi: I’d Always Want Lookman on the Pitch

Genoa head coach Daniele De Rossi has admitted that...

Arsenal Handed Title Boost as AFCON Call-Ups Hit Premier League Rivals

Arsenal’s push for the Premier League title has received...

FG Pushes Ranching Expansion, Eyes National Feed Network and Breeding Hubs

The Federal Government has reaffirmed its commitment to transforming...

Mainoo to Start, Dorgu Recalled as Man United’s Predicted XI Takes Shape for Aston Villa Clash

Manchester United are expected to make several enforced changes...

Related Articles

Popular Categories

spot_imgspot_img