Federal Government Unveils New Highway Development & Management Initiative (HDMI)
"Phase one is for 10 FG Highways: Benin–Asaba; Abuja–Lokoja; Kaduna–Kano; Onitsha–Owerri–Aba; Shagamu—Benin;
Abuja—Keffi—Akwanga; Kano–Maiduguri; Lokoja–Benin;
Enugu—Port Harcourt;
Ilorin—Jebba." 🛣️🚧
The HDMI programme is funded by a series of highly-subscribed SUKUK bonds. The third of which has recently attracted a capital investment of N163.3bn for a provision of N16.3bn for each of the 10 roads. This creates & sustains 23,322 jobs on the construction of the 10 highways.👷🏿♂️
SUKUK bonds will be taken annually until Phase one of HDMI is completed by Q1 2023. These capital investments will be paid back through the services provided by investors in the post-construction period, including: Cashless e-Tolling, Rest Areas & Weighbridge Stations.
🛣️🚧💵
Weighbridge Stations will fine/stop overloading tankers/trailers which undermine user safety & road durability. Rest Areas will lessen accidents & offer commercial points for locals.
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