The federal government through the Ministry of Works and Housing took positive steps towards its plan to concession 12 major highways across the country, with the shortlisting of 18 firms to undergo the final screening.
The government had said that it expected a capital investment of 1.13 trillion naira from the new Highway Development Management Initiative HDMI, driven by the Minister of Works and Housing, Babatunde Fashola.
The 12 roads being considered for the first phase of the Value-Added Concessions Category VAC include: Benin-Asaba, Abuja-Lokoja, Kaduna-Kano, Onitsha-Owerri-Aba, Sagamu-Benin, Abuja-Keffi-Akwanga.
Others are Kano-Maiduguri, Lokoja-Benin, Enugu-Port Harcourt, Ilorin-Jebba, Lagos-Ota-Abeokuta and Lagos-Badagry.
Aside the 1.3 trillion naira capital investment, the federal government projected that the employment potential was estimated at about 50,000+ direct jobs and 200,000+ indirect jobs.
