Skip to main content

Two new Nigerian road projects

Two important new Nigerian road projects are being planned.
By MJ Woof August 6, 2020 Read time: 1 min
Nigeria’s Oyo State is working on new road connections - image © courtesy of Rosevite2000, Dreamstime.com

Two important new road projects are being planned in Nigeria’s Oyo State. One of the projects is for the Ibadan Circular Ring Road. The other is for the 50km road that will link Iseyin with Ogbomoso.

Funding is being sought to pay for the two road projects. The necessary financing is being secured from a number of sources by the Oyo State Executive Council (SEC).

In excess of US$275 million will be required to pay for these road works, as well as works to improve other transport infrastructure such as Ibadan Airport and Ibadan Dry Port.

Related Content

  • Nigerian road rehabilitation works announced
    September 20, 2019
    Nigeria is planning a series of road and bridge rehabilitation works across the country. The plans calls for 14 projects in Nigeria, including the construction of new links, improving existing routes, widening roads and building bridges. These contracts are worth over US$457 million in all and have been given approval by the country’s Federal Executive Council (FEC). The contractors to have won the tenders include CBC Global Civil & Building Construction Nigeria, China Civil Engineering Construction Corpor
  • Cambodian road and bridge connection project planned
    September 17, 2019
    A new road and bridge project in Cambodia will improve transport between Kampong Thom Province and Kampong Chhang Province. The project is expected cost US$200 million and is being planned by the country’s Ministry of Public Works and Transport. Work on the project is intended to commence in 2021 and will result in the construction of a new 57km road link that will boost trade, tourism and the economic development of these neighbouring provinces. The road will link to the 3.9km bridge spanning the Tonle Sap
  • RDIF chief Dimitriev considers Arab partners for Moscow ring road
    October 16, 2014
    Arab partners have been secured as co-investors for construction of the third and fourth phase of Moscow’s Central Ring Road, Russia’s Interfax news agency reported. Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), made the announcement earlier this month during a meeting of the State Council's presidium in Novosibirsk, chaired by president Vladimir Putin. Dmitriev did not name the Arab partners but said they “have confirmed their desire” to invest in the third and fourth phases.
  • EIB aids funding for Poland's A2
    July 12, 2012
    The European Investment Bank (EIB) will help funding of the A2 highway project in Poland, which has faced financing problems due to the economic crisis. The EIB is making an exception to its usual policy by granting to Polish company Autostrada Wielkopolska credit that covers over 50% of the costs of the construction work for a highway section. The EIB will provide €1 billion for the A2 investment and to create an option of an additional €200 million. The total value of the investment, which is expected to