• Monday, May 20, 2024
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FG releases N20 bn for the east-west road project

East-West Road

Godswill Akpabio, Minister of Niger Delta Affairs (MNDA) has announced the disbursement of N20 billion to fast track the completion of the East-West Road project.

The Minister while addressing the Managing Director of the Nigerian Sovereign Investment Authority (NSIA), Federal Ministry of Finance and the Contractors handling Section I-IV of the East-West Road Project in Abuja on Tuesday decried that the project has lingered since 2006 ordering the speedy completion of the project in line with the Presidential directives.

“The Ministry will soon come out with a dated plan of releasing N20 billion to the Contractors after signing the tripartite agreement in line with Presidential directives, which transferred the project to the Presidential Infrastructural Development Fund (PIDF) under the NSIA”.

“The project which was first awarded in 2006 was scheduled for completion by the end of 2010, but this could not be achieved due to inadequate funding. The physical progress of the East-West Road when the project was transferred to the newly created Ministry of Niger Delta Affairs in 2008 was just 8percent of work done by Federal Ministry of Works and Housing.”

“However, additional funding received between 2012 and 2015 from the African Development Bank (AFDB) and Subsidy Reinvestment and Development Program (SURE-P) enabled the completion of two Sections which are now ready for commissioning. The outstanding Sections and recently awarded upgrade contracts were rescheduled for completion by 2020,” he said.

According to Akpabio, the overall project achievement stands at an average of 76 percent of the total 676km (338×2) carriageway for Section I-IV, a total of 611.05km of earthworks, 584.60km of asphaltic binder course, and 523.75km of wearing course, 1143 no. of culverts and a total of 41nos. bridges (total length of 5,483m) with the second 850m Imo River Bridge, Okoso, Mbiama, Patani-Eket and Kaima Bridges have been substantially completed as at March, 2019.

In his remarks, the Managing Director, NSIA, Uche Orji, commended the Minister for his renewed energy and commitment to the completion of the East-West Road to accomplish the objective set by President Muhammadu Buhari.

Orji noted that NSIA involvement in the project is to manage the PIDF, set-up by the President in 2018, to manage key projects of this administration which includes the East-West Road, Abuja-Kano Highway, Lagos-Ibadan Expressway, Third Niger Bridge and the Mabilla Power Project. He explained that for the project to be viable, they would be tolled projects to be covered by tripartite agreement.

 

Cynthia Egboboh, Abuja.