Agwuna Samuel Sopuluchukwu: The Second Niger Bridge is expected to cost N117, 860, 700, 741.82(VAT inclusive). It is certified by the BPP. The construction work is expected to be completed within 48mnths. It is a PPP arrangement using Design, Build, Finance, Operate and Transfer. The FG will contribute 25% of the funding. The concession period is expected to last for 25years. A renowned international transaction advisor, Messrs Roughton International of the UK is the financial advisor of the project. Messrs Julius Berger and AIIM are the lead contractors. The bridge is 1,590m in length and will be located 1.7km downstream of the existing bridge on a new alignment. The FG, with the support of the World Bank, will commence the procurement and construction of two by-passes to the Second Niger Bridge. The first by-pass will be a connecting dual carriageway from Arterial Route A232, Benin-Asaba expressway, bypassing Asaba Airport to link to the Bridge. The second bypass will also be a connecting dual carriageway from Arterial Route A232, Onitsha-Enugu Exp to Arterial Route A6, Onitsha-Owerri. There will be a new full clover interchange at Arterial Route A6 Onitsha-Owerri Expressway.
Posted on: Mon, 10 Mar 2014 11:53:16 +0000