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

  • IMAG and Nigerian Afrocet Montgomery launch ConMin trade fair in 2017
    April 12, 2016
    Internationaler Messe-und Ausstellungsdienst (IMAG) and Nigerian Afrocet Montgomery are launching the first trade fair for construction machinery and mining in Nigeria. ConMin West Africa will take place from 25-27 April 2017 at the International Convention Centre in Abuja. The fair is planned to be annual and is supported by Nigeria's Federal Ministry of Solid Minerals Development. A number of major construction projects are underway in the country, including expansion of railway lines, ports and airport t
    Read More
  • Date set to complete D1 Višňové Tunnel section
    July 20, 2023
    The D1 section between Lietavská Lúčka and Dubná Skala in Slovakia includes the partially completed 7.5km twin-tube Višňové Tunnel - to be the country's longest.
    Read More
  • Philippines planning series of highway projects
    August 10, 2017
    A series of major highway projects are now being planned in the Philippines. The largest of this most recent set of highway projects to be announced is for the US$1.24 billion NLEx-Cavitex Port Expressway Link put forward. Measuring 15km the route would be constructed featuring four lanes. This proposed link would connect the Cavite Expressway and North Luzon Expressway in Metro Manila. The proposal for the project has been made by Manila North Tollways, a subsidiary of Metro Pacific Investments.
    Read More
  • Panama’s turnkey contracts worth US$4.51bn signed since 2009
    December 11, 2013
    Turnkey contracts, including major transport projects, worth US$4.51 billion (EUR 3.28bn) have been signed under the current government administration in Panama since its election in 2009, it has been reported. The value of the turnkey contracts signed during President Ricardo Martinelli’s time as head of state includes US$1.09 billion allocated to five contracts to widen a 185km road section between Santiago de Veraguas and David to four lanes. The most expensive contract, worth US$ 1.64 billion, is for a
    Read More

Highlighted Content