• Thursday, May 23, 2024
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BusinessDay

Lagos-Calabar coastal road: Nigerians to spend an average of N3,000 on tolls

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The Minister of Works, Dave Umahi, who spoke in an interview on Channels Television said once the Lagos-Calabar coastal road is completed, an average toll of N3,000 will be imposed per vehicle passage.

Umahi explained that this figure is an average, with cars possibly paying around N1,500 and larger trucks approximately N5,000. He emphasized that these tolls are projected based on an estimated average daily passage of 50,000 vehicles.

Umahi further elucidated that these tolls are anticipated to recoup the investment in the road within a 15-year period.

He defended the projected costs, stating that the toll gates will not only ensure revenue generation but will also feature security measures and amenities such as filling stations and eateries.

The Minister also outlined plans for toll stations to include additional facilities like parking lots and affirmed the intention to install comprehensive CCTV coverage for enhanced security along the route.