He said contrary to the misleading figure of the cost of N8b per kilometre by former Vice President Atiku Abubakar, the standard gauge design of the road adopted by the Federal government would cost N4.59b per kilometre.
He cited Hitech’s successful projects like Eko Atlantic, which involved controlling the ocean, and previous concrete pavement road projects as examples. “We are finalising the design of Section 3 which is from the end of the project in Calabar, rolling towards Akwa Ibom that is about 65 kilometers. He said: “I also have to pay counterpart funding but I took my counterpart fund to build some sections of the road. So part of what we are committing on Sections 1,2 and 3 funded by the Federal government is still going to fall under the percentage counterpart funding of the Federal government when negotiation is completed”, he noted.
He said: “The one we are constructing has 10 lanes, about 23 shoulders, a total of 59 meters of concrete pavement and 23 meters of flexible pavement among others. “This is an upgraded version of the road with much improvement because what they had before was just a 60-millimeter binder cost and the 40-millimeter wearing costs which is far below the standard of the project of this nature.
Governor Umahi Road Project Cost Design Standard Gauge NDDC Bridges Toll Plazas Economic Settlements Competitive Bidding Procurement Act
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