Business
“Completion of one carriageway required for tolling under HDMI” – Umahi
The Minister of Works, David Umahi, has emphasized that concessionaires must fully complete at least one carriageway before initiating toll collection from road users under the Highway Development and Management Initiative (HDMI).
Umahi revealed this during a meeting held with the Public Private Partnership unit of the Federal Ministry of Works and concessionaires from Africa Plus Partners Nigeria Ltd (APPNL) for the Benin-Asaba and Lagos-Abeokuta road corridors in his office on Monday.
The minister outlined 12 parameters to enhance the delivery and management of road infrastructure within the HDMI public-private partnership framework, including the directive permitting tolling only upon the full completion of one carriageway by the concessionaire.
Umahi noted that these parameters take into account factors such as inflation, exchange rate fluctuations, and decreased traffic resulting from fuel price hikes.
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