FG grants individuals licence to build, maintain highways

By AdvocateNews on 23/02/2021

Share on facebook Yahoo mail icon Gmail icon

Views: 406


Private individuals are now permitted to build, operate or maintain assets on some federal highways that are up for concession, the federal government has said.

The arrangement is under the new highway development and management initiative (HDMI).

The initiative is contained in a new document on how the partnership would be executed.

The document released by the federal ministry of works and housing was signed by Boade Akinola, its director of press and publicity.

The FMWH said the concession process will be classified into two categories — value-added concession and unbundled assets approvals.

For the value-added concession, the road pavement and entire right-of-way will be on concession for development and management by the concessionaire.

While for the unbundled assets approvals initiative, “approvals/permits are issued for individual assets on the right-of-way on a build, operate and or maintain basis”.

The Nation reports that already the Federal Ministry of Works and Housing had received the Outline Business Case Certificate of Compliance to commence procurement process for the concession of 12 federal highways.

This implies that individuals would now be permitted to develop and maintain assets on the economically viable federal highways in order to boost the economic activities on the roads.

The FMWH stated that the aim was to provide adequate highway services through the development of revenue-generating assets along the highways.

The concession of the roads may also signify the return of toll gates as concessionaires will have to recoup their investments.

The Infrastructure Concession Regulatory Commission had handed over the certificate to the Minister of Works and Housing, Babatunde Fashola, at the FMWH headquarters in Abuja.

Posted 23/02/2021 6:09:32 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Fani-Kayode, Daddy Freeze attack RCCG over suicide of...

COVID 19: Gov. Uzodinma orders total lockdown of...

Maradona autopsy shows no drink, illegal drugs

COVID-19: FG considers lockdown of 18 local government...

Three internet fraudsters jailed in Enugu

MAY 30: “Nothing can stop us" – IPOB...

Ex-US envoy to Nigeria, Walter Carrington, dies at...

Two Nigerians killed in fatal accident in Canada...

Prepare for South Africa return, Obasanjo tells evacuated...

Unknown gunmen abduct Edo traditional ruler

Another Professor dies in Kano

Container carrying 64 dead bodies apprehended in fresh...

 

Latest News ISWAP terrorists sack military base in Buratai’s village I sacrificed my parents for Biafra, I will sacrifice everything – Nnamdi Kanu vows COVID-19: I won’t take vaccine, I’m not guinea pig – Bishop Oyedepo Why I supported Boko Haram, al Qaeda, Taliban — Buhari’s Minister S-East govs, Ohanaeze, monarchs compiling names of IPOB members, ESN operatives for FG – Spokesperson Printing of N60bn by CBN, wake up call for Buhari, APC – PDP warns Police confirm death of Abuja pastor, Evans Unaegbu Buhari snoring while Nigeria sinks under him – Dino Melaye Nine govs stealing LG funds through cronies–NULGE Abductors of Kaduna students demand N500 million ransom Police arrest Woman for poisoning 3-year-old stepson with Sniper Insecticide Forces against NIN policy behind attacks against me – Pantami

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (84,817 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (72,956 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (69,596 views) Sickle cell support group seeks government intervention (69,595 views) Ebonyi bans embalming of corpses in homes (69,593 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (69,592 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (69,584 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (69,515 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (68,248 views) ASUU strike: Senate intervention ends in deadlock (67,557 views) All you need to know about Peter Obi, PDP VP Candidate (56,989 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (55,023 views)

 

 

SECTIONS EDITORIAL (14) NEWS (4,968) FAITH (99) POLITICS (482) SOCIETY (125) SPORTS (43) BUSINESS (346) HEALTH (50) EDUCATION (44) ENTERTAINMENT (33) INTERNATIONAL (143) TECHNOLOGY (1) COLUMNISTS (57) LETTERS (3) OPINION (32)

 

 


There are no video entries posted yet.