The Federal Government has disclosed that it has approved the reconstruction of the port access roads running from Apapa port to the old toll gate in Ketu-Berger areas of Lagos.
This was made known in Lagos by the Managing Director of Nigerian Ports Authority (NPA), Hadiza Usman during her visit to Vanguard Newspapers.
According to her, the Federal Executive Council, FEC, has approved N72billion for the reconstruction of the port that will be completed with 24 months.
Usman also stated that the road project is a credit project awarded to A. G. Dangote.
“The Ministry of Works has gotten approval for the full reconstruction of the Tin-Can access road all the way to the Toll gate.
“It’s a N72billion project approved for Private Public Partnership, PPP, with A.G. Dangote Group which is a tax credit project.
“It was approved about four to five weeks ago, we have met with the Lagos Controller of works last week Thursday to start up preliminary discussions on how we can reconstruct that road in an efficient manner meaning, where will diversions be, where will the construction start from, how would we manage the traffic, what are the attendant issues that will arise.
“I have spoken to Dangote and Minister of Works. The Federal Executive Council, FEC, has approved, let us not wait until we sign an agreement, let us see how much we can push and when we can start,” she said.
She also said that the management of NPA, has commenced the process of securing funds from the China Export Import Bank (China EXIM Bank) for the purpose of rehabilitating obsolete facilities at the Nigerian sea ports.
Stating further, Usman revealed that China Harbour Engineering Company Limited offered to facilitate the process of securing the loan from the China EXIM to fund the rehabilitation of some major facilities at the ports.