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FG Opens Bid For Concession Of 12 Roads

The federal government has announced that it will officially open the bid for the concession of 12 highways to the private sectors on June 1, 2021.

This is contained in a statement by Boade Akinola, director of press and public relations in the ministry of works and housing.

The ministry said the concession is under its highway development and management initiative (HDMI).

The 12 roads that are up for concession under the first phase of the HDMI include Benin-Asaba, Abuja-Lokoja, Kaduna-Kano, Onitsha-Owerri-Aba, Shagamu-Benin, and Abuja-Keffi-Akwanga federal highways.

Others include Lokoja-Benin, Enugu-Port Harcourt, Ilorin-Jebba, Lagos-Ota-Abeokuta, Lagos-Badagry, and Kano-Shuari-PortisKum-Damaturu roads.

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Recall that Minister of Works and Housing, Babatunde Fashola, received the Certificate of Compliance for the Outline Business Case for the HDMI in December 2020, followed by the official inauguration of the e-portal by the minister on March 29, 2021.

According to the statement, applications were received from interested prospective concessionaires in response to the request for qualification (RfQ) thereby paving the way for opening the bid on June 1.

The ministry said the initiative is aimed at creating an alternative source of financing road development and management across the country while unlocking the massive economic potential of the project routes with attendant job creation.