Business
N7 trillion required for South-East road reconstruction – Umahi
Senator Dave Umahi, the Minister of Work, has revealed that the reconstruction of Trunk “A” roads in the South-East would necessitate over N7tn in funding.
The minister revealed this information during a recent inspection of federal roads in Imo State.
He also announced the termination of the road reconstruction contract of Amanwozuzu-Umuomi-Orie Amakohia in the state.
According to the minister, the termination was based on negligence and incompetence on the part of the contractor.
He mentioned that the contract was granted on December 6, 2013, with an anticipated completion date of March 9, 2015
He directed the contractor, Vicphranc (Nig. Ltd), to redesign the contract with concrete.
Umahi said,
Accordingly, he pointed out that the accessibility of communities to each other has been compromised by certain federal roads within the state.
“Many people have lost the contract of their fellow community people due to erosion, rivers and other environmental factors. Hence, the need for the reconstruction,” Umahi explained.
On the Ikot-Ekpene-Aba-Owerri Road dualisation, the minister stated that the remaining part of the road should be completed with concrete.
He commended the contractor, Arab contractors (Nig.) Ltd. for their engineering dexterity and the extent they had gone.
- Business7 days ago
Presidency lists new national ID card, 9 others as top policies to watch out for in 2025
- News1 week ago
President Biden to Honor Messi, Denzel Washington with Top US Award
- News1 week ago
Army Intensifies Crackdown on Oil Theft, Dismantles 37 Illegal Refining Sites
- Business7 days ago
2025 Budget: Nigeria’s underfunded embassies, consulates get N2.8 billion allocation for electricity charges
- Business7 days ago
Nigerian startups raised over $400 million in 2024 but Kenya leads in Africa—Report
- Business1 week ago
Nollywood: Alakada, Bad & Boujee grosses N285.9 million in 14 days
- Business1 week ago
A simple guide for African businesses to implement AI transformation
- Business1 week ago
Nigeria’s power sector in 2024: Key milestones, innovations, and policy shifts