Funding secured for Nigerian infrastructure projects

Funding worth US$1.3 billion has been secured to pay for five key Nigerian infrastructure projects. The funding is being provided by the Nigerian Government, with the current administration pledging to complete its planned development programme. Road links covered under this funding allocation include work to upgrade the Lagos-Ibadan Expressway, the Abuja – Kano Expressway, the East – West Road and the Second Niger Bridge. The other major infrastructure project included in this tranche meanwhile is for the
September 6, 2018 Read time: 1 min

Funding worth US$1.3 billion has been secured to pay for five key Nigerian infrastructure projects. The funding is being provided by the Nigerian Government, with the current administration pledging to complete its planned development programme. Road links covered under this funding allocation include work to upgrade the Lagos-Ibadan Expressway, the Abuja – Kano Expressway, the East – West Road and the Second Niger Bridge. The other major infrastructure project included in this tranche meanwhile is for the Mambilla Hydropower development. Works to the Oyo – Ogbomosho and Enugu – Port Harcourt road links are already ongoing.

Finance & Funding

Related Content

  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
    Read More
  • Expectations for growth of UAE infrastucture
    February 9, 2012
    The INTERMAT Middle East event is being launched at a pivotal time of major infrastructure development in the region. As with most sectors, the highways industry has not had a fantastic 18 months in the Gulf. Not only has the recession impacted the delivery of projects across the board, GCC Governments' attention have been switching increasingly to rail, as plans to roll out a Gulf-wide rail system gather steam. GCC countries will invest over US$119.6 billion in infrastructure projects over the next decade
    Read More
  • Major new highway links planned for Nigeria
    July 26, 2013
    Work in Nigeria will start on upgrading the Keffi-Lafia road in Nigeria to a dual carriageway status along its route. The US$1.8 billion project will run through Benue State capital Makurdi to Enugu, the capital of Enugu State and will be constructed by Chinese contractors. The route is of major importance to Nigeria and carries a heavy traffic volume at present. Constructing the dual carriageway will pose challenges given the topography at various sections of the route. Also in Nigeria, Chinese funding wil
    Read More
  • AECOM secures five contract wins with Highways England
    January 30, 2017
    Global infrastructure services firm AECOM has secured five contracts with Highways England to deliver highway design services across five separate schemes. The contracts, with a combined worth more of than €29 million to AECOM, are part of Highways England’s Roads Investment Strategy announced in 2014 for maintenance, improvements and upgrades to motorways and major A-class roads. AECOM will delivery of multidisciplinary services for the A38 Derby Junctions scheme in northern England. AECOM has als
    Read More

Highlighted Content