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SILIVALLY / / FG Plans Tolling On 12 Highways (11 Views)
|FG Plans Tolling On 12 Highways by George: 4:35 am On March 18, 2022|
Kano-Shuari, Potiskum-Damaturu, Lokoja-Benin, Enugu-Port Harcourt, Ilorin-Jebba, Lagos-Ota-Abeokuta and Lagos-Badagry-Seme Border.[b]
The roads, according to the ministry, come under the pilot phase of the HDMI to be managed by selected private sector investors under its Value-Added Concession, VAC, arrangement.
The 12 highways according to the document reviewed by Vanguard represent merely 5.6 percent or 1,963 kilometres of the country’s 35,000 km federal highway network.
The document estimates that not less than N1.34 trillion of private sector investment would flow into the highways while no fewer than 50,000 direct jobs and 200,000 indirect jobs would be created by the concessioning of the highways to the private operators
“It’s not really about revenue; it is about the expected injection into the economy. The estimated private sector investment required for the development and maintenance of the 12 routes is N1.34 trillion and the impact such investment will have on the economy cannot be overstated.
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