By Favour Nnabugwu

ABUJA — The Federal Government, yesterday, said the ongoing Lagos-Ibadan expressway, the second Niger Bridge and Murtala Muhammed International Airport, MMA, Lagos has gulped N300 billion.

jonathan officeThe projects were  being undertaken under the Public Private Partnership, PPP, arrangements just as the Infrastructure Concession Regulatory Commission, ICRC, has demanded for list of new  projects.

Also, the government said it would, at the beginning of second quarter of 2014, flag off the Bodo-Bonny road and Lagos Outer Ring road projects under the PPP arrangement.

The Minister of Works, Mike Onolememen, made these known when he received in audience the Board of ICRC led by its Chairman, Senator Ken Nnamani, in Abuja.

He said: “The three major projects which include the Lagos- Ibadan express way, Second Niger Bridge and MMIA  gulped N300 billion and l can assure you that all the projects will be completed on schedule.”

Onolememen said the huge infrastructural gap in the country posed a lot of challenges to government even as it had opened windows of investment opportunities for investors willing to take up the advantage.

Earlier, the ICRC Chairman, Nnamani, had commended Onolememen for his good works in the ministry and assured that the commission would partner with the Ministry of Works to make PPP a procurement option that would complement the present administration transformation agenda.

Apart from the three ongoing projects under the PPP model, Nnamani asked the minister to submit a new list of viable federal road projects to be contracted under the PPP programme.

Nnamani said: “We also hope that with the dwindling budgetary funding, the minister would revisit the proposal to rebuild and manage other key federal roads across the country through PPP.

“Early submission of the projects’ list would enable the commission fulfil the provisions in its Act which requires us to obtain and publish such projects along with other projects from all other MDAs.”

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