FG Opens Bid For Concession of 12 Federal Roads

Federal Government of Nigeria is set to commence the bid for concession Of 12 Federal roads.

Gatekeepers News reports that the Nigerian Government, through the Federal Ministry of Works and Housing, is set to open a bid Value Added Concession for Federal roads under the Highway Development and Management Initiative (HDMI) tomorrow (Tuesday, June 1, 2021).

The bid which will commence by 11 a.m West African Time, will be witnessed by the Infrastructure Concession Regulatory Commission (ICRC), other interested partners and stakeholders.

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.

Gatekeepers News reports that the HDMI was created by the Federal Ministry of Works and Housing to develop and manage the federal road network through private sector investment, maximising the use of assets along the right of way.

The ministry said the initiative 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.

Minister of Works and Housing, Babatunde Raji Fashola (SAN) had in December 2020, received the Certificate of Compliance for the Outline Business Case for the HDMI. The e-portal (https://hdmi.worksandhousing.gov.n) was officially launched on 29th March, 2021.

A statement made available by the Ministry on Sunday noted that the “applications were received from interested prospective concessionaires in response to the Request for Qualification (RfQ ) and the bid will be opened on the 1st June, 2021.”