The contract for design, build, finance and operate of the proposed Second Niger Bridge was, yesterday, approved by the Federal Executive Council.
Minister of Works, Mr Mike Onolememen, who addressed State House Correspondents after the meeting, said the contract to cost N325m has a 16-month completion period.
He said the project approval underlines government concern about the challenges posed to road users on the route, adding that government was desirous of taking immediate action to construct the bridge that would allow for easy movement of people and goods between the South West and South East.
He said: “The Federal Government, in furtherance to its transformation agenda of addressing infrastructural deficit and improving the quality of public infrastructural services, has recognised leveraging on private sector investment and capacity to complement the drive towards bridging the country’s enormous infrastructure gap through public- private partnership initiative.
“In view of this, the second Niger Bridge, which is a critical national infrastructure and forms an essential link between the South West and South East connecting the two large cities of Onitsha and Asaba, was tabled for consideration for transactional advisory services for design, build, finance and operate under PPP scheme.”
Onolememen added that FEC also approved the contract for the design, build, finance and operate on Murtala Mohammed International Airport Road, Lagos to the same contractor.