You may also need to know that the HDMI is a Public Private Partnership (PPP) arrangement of Federal Government designed to amongst others, bring order, accountability and profitable entrepreneurship to the operations, management and maintenance of Federal Highways. The emergent Concessionaires will recoup their investments through Toll and Non-Toll revenues as may be negotiated.
The Nigerian Government had passed into law the Infrastructure Concession Regulatory Commission (ICRC) Act. The Act engenders renewed hope in the quest for holistic infrastructural development through the use of alternative sources of financing. It provides the much-needed regulator in the Nigerian PPP space that will attract and enable the private sector to effectively partner with the public sector in the provision of critical infrastructure through a clear framework.
Note also that Nigeria is currently at the conceptual stage of developing two major highway projects, namely:
the Lagos – Abuja Super Highway, which provides a direct link from Lagos to Abuja; and
the Lagos – Calabar coastal Highway that would open up the coastal communities of Nigeria, and this Renewed Hope conceptualization has the potential for enhancing vistas of opportunities in agriculture, tourism, shipping, industrialization and oil and gas.
The Hon. Minister of Works, His Excellency, Sen. Engr.Nweze David Umahi,CON in furtherance of the policy direction of the Federal Ministry of Works on road infrastructure development and innovation is working day and night and even on weekends to ensure that Nigerians get value for the massive investments of our dear President on road infrastructure.
He believes that the new policy on road infrastructure development can geometrically boost our economy, encourage local manufacturing and entrepreneurship, encourage education, enhance solid mineral development, and create job opportunities for Nigerians.
This video is a clip of the outing of the Works Minister last Sunday when Julius Berger Nigeria Plc handed over the completed 2nd Nigeria bridge to Federal Government.
Source: Chief Press Secretary to the Hon. Minister of Works