The Ministry of Works has revealed that preliminary works will commence on the proposed Abuja-Lagos Superhighway in 2024.
This was made known on Friday, December 8, as the project has secured a total of N500 million allocation in the proposed budget for 2024.
The proposed document as regards the construction works is awaiting a formal approval from the National Assembly.
In the document, it revealed that apart from the highway marked ERGP12211937, the Lagos-Port Harcourt coastal highway will also get an allocation of N500 million if the lawmakers do not adjust the sum.
The Minister of Works, David Umahi in September stated that the proposed 470 kilometres Abuja-Lagos Greenfield superhighway will be completed in 2027, and according to him, the road will last for nothing less than 100 years.
Umahi added that the highway that will pass through Lagos state, Oyo, Kogi, Ekiti, Ogun, Niger, Kwara and the Federal Capital Territory, FCT, will be built by a private sector consortium at no cost to the federal government.
Stressing that the superhighway will be tolled to enable the investors to recoup their investment, Umahi explained that plans were underway to make the road a business and industrial corridor with hotels, factories and housing estates, among others, on the route.
He also warned that if the consortium backed out unreasonably, it may have to pay a fine of $10 million.
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