FG Approves N438bn Road Projects, Trailer Park Concessions Nationwide
The Federal Executive Council (FEC) has approved road construction and rehabilitation projects worth about N438 billion, alongside several highway and trailer park concessions under public-private partnerships nationwide.
The Minister of State for Works, Bello Goronyo, disclosed this while briefing State House correspondents after the FEC meeting held at the Presidential Villa, Abuja, on Wednesday. The meeting was presided over by President Bola Ahmed Tinubu.
The approved road projects include the reconstruction of the Ado-Ekiti–Iyin–Aramoko–Itawure–Osun border road in Ekiti State at a cost of 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.
Also approved was the reconstruction of the 15-kilometre Port Harcourt–Eleme Junction–Onne Port Junction section of the East-West Road in Rivers State at a cost of N74.51 billion. RCC Nigeria Ltd. was awarded the contract, with a nine-month completion period.
The FEC further approved N54.52 billion for Phase II of the rehabilitation of the Ado-Ekiti–Afe Babalola University Road in Ekiti State, which forms part of the Ado–Ijan–Iluomobi–Imesi–Ondo border route.
In Ogun State, the construction of the Ilara–Iselu Road, Phases II–V, was approved at a cost of N94.24 billion.
The project was awarded to JRB Construction Company Ltd. and is expected to be completed within 24 months.
Under its highway and trailer park concession programme, the council approved the development of the 7.9-kilometre Dikko–Maje section of the Suleja–Minna Road in Niger State at N56.75 billion under a 40-year concession to Graciatech Engineering Nigeria Ltd.
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, the council approved the development of a greenfield trailer park at Aro-Ngwa in Abia State at a cost of N19.70 billion under a 50-year concession to Greg Jane International Ltd.
Goronyo said the approvals formed part of the Federal Government’s efforts to improve road infrastructure, enhance connectivity and facilitate efficient movement of people and goods across the country.
