The Federal Government of Nigeria, through the Ministry of Works, yesterday closed an invitation for transaction advisors to express interest to structure the Ilorin - Jebba - Mokwa - Tegina - Kaduna road as a PPP project. The project involves 480km road.
The Federal Ministry of Works has received an unsolicited proposal on the development of the project, which is planned to be developed on a design, build, finance, operation and transfer (DBFOT) basis.
The transaction advisors will undertake key tasks that shall include but not limited to the following:
Nigeria currently has several PPP projects in planning stage. For instance, in March this year, the Ministry of Sports of Nigeria appointed a Project Steering Committee and a Project Delivery Team to concession the National Stadium in Lagos as well as the Athletes hostel in Abuja.
Kogi state also announced plans this month to develop a bridge stretching about 2Km across river Niger and river Benue. The project aims to ease the movement of people from the hinterland into the state capital, Lokoja.