The Minister of Works, Engr. Dave Umahi stated that the Lagos–Calabar Coastal Highway costs about ₦7.5 billion per kilometer, highlighting that this amount represents the extent of concrete work, drainage systems, and additional infrastructure included in the project’s design.
The Minister revealed in Abuja while signing Memoranda of Understanding and contract agreements for eight significant federal road projects throughout the nation.
“Today is an additional milestone in the significant efforts being made by President Bola Tinubu,” he stated.
Describing the financial breakdown, the minister stated that the projection includes significant engineering elements in addition to standard road construction.
“And for those inquiring about the cost per kilometer, we will now discuss the average cost per kilometer, which is approximately ₦7.5 billion for a standard road,” Umahi stated.
But this one is comparable to a lot of road infrastructure. You can see the concrete poles, the drainage systems, the culverts, the reinforcement, and the pavement. So it’s not just a road. This is a significant investment.
He mentioned that the 750-kilometre coastal road is being developed in stages, with certain parts anticipated to become available for public access shortly.
“When we began the coastal highway, people didn’t think it would become a reality,” he stated, noting that drivers would soon be able to traverse the completed sections from Lagos to Ondo State.
Umahi mentioned that building activities are continuing in Cross River and Akwa Ibom States, with more parts also in progress.
Referring to the project as a long-term investment, he mentioned that it is intended to endure for as many as 100 years with very little upkeep needed.
“This is more than just a road initiative. I have consistently maintained that this is an investment the President is making, and this road will endure for another century without requiring any upkeep,” he said.
He further disclosed that investors are already demonstrating interest in acquiring completed parts for toll collection to recoup expenses.
“Similar to section one, which we completed in Lagos, many investors are requesting to take over that section for toll collection and return our money before they even begin charging,” he said.
He added that the federal government is pushing forward with several other significant highway initiatives, such as the Calabar–Ebonyi–Abuja Super Highway and the Sokoto–Badagry Super Highway. He mentioned that these projects are being funded through a combination of government support and loans, with repayment anticipated from toll collections and revenue generated by developments along the routes.
Provided by SyndiGate Media Inc.Syndigate.info).
