Connect with us

News

FEC approves N358bn for Abuja-Makurdi road

Published

on

The Federal Executive Council (FEC) has approved a contract worth $995 million (about N358 billion) for the construction of phase two of the Abuja-Keffi-Akwanga- Lafia-Makurdi road. The contract is a precondition by the Chinese government for Nigeria to access a loan in the value of the amount from the China EXIM Bank.

 

The Ministry of Power, Works and Housing has been discussing the modalities for obtaining the loan. Minister of Power, Works and Housing, Babatunde Fashola, who disclosed this yesterday after the FEC meeting presided by President Muhammadu Buhari, said the 268.5kilometer-road project consist of 16.0 kilometre -Lafia bye pass and another 251.7kilometer from Ninth mile through Otukpo to Makurdi.

 

Also briefing, the Minister of Water Resources, Suleiman Adamu, said FEC also approved Lower Benue River Basin Development Authority project for the construction of an 80 meter expanded bridge which he described as a constituency project in Karu, Nasarawa State at the cost of N719million, with a completion period of two years.

 

He said FEC also approved another memorandum for the construction of irrigation scheme at the Kwaranga in Bauchi State at the cost of N1.36billion. In his remarks, the Minister of Transportation, Rotimi Amaechi, said the council also approved €21million for the purchase of two boats for towing purposes on Nigerian waters.

 

He said council approved his second memorandum for the dredging of water in Baro at the cost of N703million. Minister of Information and Culture, Lai Mohammed, told reporters that FEC gave contractors handling the Oron-Calabar section of the East West road a matching order to speed up completion of the project due to the rains.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Categories

Pages

Close

Trending

%d bloggers like this: