President Muhammadu Buhari led Federal Executive Council (FEC), on Wednesday, approved N72.9billion road project for Lagos State.
The project is said to be the reconstruction of the road from Apapa to the toll gate on Lagos-Ibadan expressway in Lagos State.
Minister of Works, Power and Housing, Babatunde Fashola, made this known to Statehouse Correspondents in Abuja after the weekly cabinet meeting presided over by the president.
Fashola said the decision was taken to provide a long-term solution to the road, which had suffered a lot of gridlock in recent times.
He said, “The Ministry of Power, Works and Housing secured approval for the reconstruction of the Creek Road Tincan Island-Beach Land right through to Oworoshoki to the toll gate end of the Lagos-Ibadan expressway for the full reconstruction of that road which was built around 1975 as part of our first port expansion undertaken then in the 70s.
“That road was intended to evacuate cargo out of Lagos without running through the spine of the city.
“The road is now in some state of disrepair and Council has approved its reconstruction at the cost of N72.9 billion.”
According to Fashola, the work will be done using a Public-Private Partnership PPP model.
He named Dangote Group as the constructing firm for the road project, saying that the N72.9 billion for the execution of the project would be recovered through the funding credit tax policy of government.
The minister further said when fully constructed, the road will have 10 lanes, with five on both sides, with a total of 270.8 linear kilometres, including drainage, rehabilitation of some of the bridges and interchanges.
“First, it will be done through PPP model. The constructing company will be the Dangote group. It will be financing that construction to the tune of N72.9 billion as certified by PPP.
“Another instructive thing to note is that this is the first full reconstruction of that road since it was constructed at about 1975.
“All previous efforts had been to repair damaged sections. So, it is going all the way to reconstruct the road.
“The third thing to note is that the entire construction is that it involves procurement of 27.8 kilometers made up of 10 lanes – five lanes on both sides – three on the main carriageway, two on service lanes.
“So, essentially, you are constructing about 79.8 linear kilometers and that also includes drainage and use of extensive cement work and rehabilitation of bridges.
“We expect contractors to move to the site. This is our own long-term solution to the problem contributed by the road congestion there.
“This will provide enduring solution to what is currently being experienced by commuters,” he added.