FG targets N11.54 trillion revenue from the concession of 9 road corridors

Recall the FG had in April 2022, announced it had identified interested/reserved bidders for 12 federal highways (which had 13 routes within), set up for concession under the Highway Development and Management Initiative – HDM.

According to the statement signed by the Ag. Head, Media and Publicity, Infrastructure Concession Regulatory Commission, Manji Yarling, the road project will be tolled as part of the public-private partnership model approved by the Federal Executive Council.

However, only nine corridors have been approved for concessioning as three corridors and one route still needed to reach the FEC approval stage.