The federal government has engaged the African Development Bank (AfDB) for possible funding of the construction of some sections of the coastal and trans-Sahara highways in Nigeria and Cameroon.
The 700-kilometre coastal roads will run from Lagos to Calabar in Cross River State while the trans-Sahara will link Ogoja, also in Cross River to Cameroon.
The minister of works and housing, Mr David Umahi, revealed this yesterday during a meeting with a delegation from the AfDB led by the director, infrastructure and urban development, Mr Mike Salawou, in Abuja.
Spokesman for the minister, Mr Uchenna Orji, quoted Umahi in a statement as saying that the project would provide enduring infrastructure and industries along the corridors and is expected to carry a large network of paved highways that will create good transport environment and trade routes for moving goods and services along the North-south corridors.
Umahi said opportunities for investment in infrastructure development abound along the coastal and Trans-Sahara routes, including opportunities for investment in the hospitality industry, tourism, agricultural production, estates, parks and industrial businesses.
He said that funding would be required to tackle the sections of the highways not yet constructed, awarded, or taken over by concessionaires under the Highway Development and Management Initiative (HDMI).
“The work ministry has opened a discussion with the African Development Bank on possible funding for the construction of some sections of the Coastal and Trans- Sahara Highways in parts of Nigeria.
“The coastal road is 700 km. That is phase one and it is running from Lagos through Ogun State to Ondo State, passing through the coastal States of Delta, Bayelsa, Port Harcourt, Akwa Ibom, and ending in Cross River in 700 kilometres.
“We have spores to the Ogoja road, the one you did, the African Trans-Sahara road that is going to Cameroon.”
He further stated, “We are sectioning the roads. Just last week, we awarded section one, phase one, and phase one is 47.47 kilometres. It’s already been awarded to Hi-tech Construction Limited.
“We have phase two, which is about 57 kilometres, taking us from the end of phase one. Phase one ends at Lekki Peninsula. It takes us from Ahmadu Bello Way to Lekki deep sea port. Phase two takes us to the boundary between Ogun State and Ondo State. That’s about 57km.
“It’s going to be available for a number of funders under the lead investor, that’s Hi-tech Construction Nigeria Limited. So that is available, and when the discussion comes up, then there will be a need for us to meet with Hi-tech and the honourable minister of finance coordinating minister of the economy”.
Earlier in his remarks, Salawou said the bank had a mandate to contribute to the sustainable economic development and social progress of its regional members individually and jointly.
He said the AfDB was therefore prepared as a multilateral institution to offer a robust partnership with the federal government of Nigeria, especially by providing technical and financial support for the development of road infrastructure in Nigeria.
“So as the African Development Bank, we are ready to assist you. To make it easy for us, we need to have any studies available to make sure we can support you on this project.
“So we are ready. We can see where we can find the resources to support you in structuring the different projects. The dualisation of the road between Nigeria and Cameroon will foster regional integration between the two countries, because I believe Nigeria is Cameroon’s number one trade partner So, we need to reinforce the modernised infrastructure there,” he said.
