Lagos Airport road to gulp N12bn – ICRC

Lagos Airport road to gulp N12bn – ICRC

Infrastructure Concession Regulatory Commission (ICRC) Director-General Aminu Diko has said N12 billion will be required to complete the Lagos Airport road rehabilitation project.

A statement in Abuja yesterday by ICRC’s Head of Communications Mrs. Deborah Okafor said Diko gave the figure when he led a management team on a visit to the Minister of State for Aviation, Senator Hadi Sirika.Diko said a private investor had shown interest in expanding the road into eight lanes with flyovers, and that the procurement process was on.

He called on the ministry to speed up work on the concession of Nigeria’s four busiest airports – Lagos, Abuja, Port Harcourt and Kano. Diko advised on the setting up of a Project Delivery Team and a Steering Committee, to be chaired by the minister.“Public-Private Partnerships (PPPs) are complex and take time to consummate and so there is need to kick-start the process by establishing the project team to see to the engagement of a transaction adviser to manage the development and procurement stages. Read more

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