The Federal Ministry of Works and Housing will today (Tuesday) officially open the bid for Value Added Concession under the Highway Development and Management Initiative (HDMI).
The bid will be witnessed by the Infrastructure Concession Regulatory Commission (ICRC), other interested partners and stakeholders.
The Director, Press and Public Relations Unit in the ministry, Ms Boade Akinola, disclosed this in a statement she issued in Abuja on Monday.
Recall that the Minister of Works and Housing, Mr. Babatunde Fashola, had in December 2020, received the Certificate of Compliance for the Outline Business Case for the HDMI.
According to the statement, the Highway Development and Management Initiative was created by the ministry to develop and manage the Federal Road network through sustainable Private-Sector investment, maximising the use of assets along the right of way.
The 12 roads to be concessioned under the first phase of the HDMI are: Benin – Asaba, Abuja – Lokoja; Kaduna – Kano; Onitsha – Owerri – Aba; Shagamu – Benin; Abuja – Keffi – Akwanga; Lokoja – Benin; Enugu – Port Harcourt; Ilorin – Jebba; Lagos – Ota – Abeokuta; Lagos – Badagry; and Kano – Shuari – Potiskum – Damaturu.
The statement said the initiative is aimed at creating alternative sources of financing road development and management in the country while unlocking the massive economic potential of the project routes with attendant job creation.
