The federal government has noted that some investors and financial institutions have expressed intentions to counterpart in the construction of the Lagos-Calabar Coastal Highway project, the Sokoto-Badagry Superhighway and other road infrastructure across the country.
Sen. Dave Umahi, the Honorable minister of Works stated this while speaking with newsmen after inspecting the Lagos-Calabar Coastal Highway and some bridges in Lagos.
“I have had meetings with a lot of financial institutions, and they are very eager to participate.
“We are doing everything to complete Section 1 by December and have it approved, and that will open a floodgate for other financial aids.
“One thing that I must commend the President for and, of course, beat my chest and say glory be to God, is that the international funders came and they saw the quantum of the job we are doing.
“That, for me, is a pass mark,” Umahi said.
He stated further that the 30km section of the Lagos-Calabar Coastal Highway will only be open to the public after the completion of another 17.47km portion of the Section One, Phase One, of the road project.
“We completed 20km at the beginning, and then we completed 10km,” Umahi said.
He noted that the contractor, Hi-Tech Construction company, was working hard to complete the 17.47km.
“This is what we are working to join, and when we have joined it, if you are travelling from Ahmadu Bello Way to the Lekki Free Zone, then you can use the coastal highway.”
He however noted that the road would be tolled to ensure proper maintenance.
“Whether these roads are tolled or not, they need constant maintenance,” he added.
