FEC Approves N438bn Road Projects, Trailer Park Concessions Nationwide


 

By Abel Chigozie 


The Federal Executive Council (FEC) has approved road construction and rehabilitation projects valued at about N438 billion, alongside several major highway and trailer park concessions under public-private partnership arrangements.


The approvals were disclosed by the Minister of State for Works, Bello Goronyo, 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.


Among the approved projects is the N159.83 billion reconstruction of the Ado-Ekiti–Iyin–Aramoko–Itawure–Osun border road in Ekiti State, awarded to CBC Global Civil and Building Construction Nigeria Limited.


The council also approved a N54.12 billion variation order for the rehabilitation of the Abeokuta–Iboro–Ilaro Road in Ogun State.


In Rivers State, FEC approved N74.51 billion for the reconstruction of the 15-kilometre Port Harcourt–Eleme Junction–Onne Port Junction section of the East-West Road. The project was awarded to RCC Nigeria Limited and is expected to be completed within nine months.


Another major approval is the N54.52 billion 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 Phases II to V of the Ilara–Iselu Road in Ogun State. The project was awarded to JRB Construction Company Limited and has a completion period of 24 months.


Under the government’s public-private partnership (PPP) framework, FEC also approved a 40-year concession for the development of the 7.9-kilometre Dikko–Maje section of the Suleja–Minna Road in Niger State. The project is valued at N56.75 billion and was awarded to Graciatech Engineering Nigeria Limited.


The 25-year concession for the operation and maintenance of the Lagos–Ibadan Expressway, valued at N96.43 billion, was also approved. The concession will be handled by LIB Concession Group.


In Abia State, the council approved the development of a greenfield trailer park at Aro-Ngwa at a cost of N19.70 billion under a 50-year concession granted to Greg Jane International Limited.


The latest approvals form part of the Federal Government’s ongoing efforts to improve road infrastructure, strengthen transportation networks, facilitate trade and logistics, and attract private-sector investment into critical infrastructure across the country.


The government is also expected to leverage the concession arrangements to enhance the maintenance and long-term sustainability of key transport corridors while reducing pressure on public finances.

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