The Minister of Works, David Umahi, has reaffirmed that the construction of Lagos-Calabar coastal highway project will gulp about N2.8 trillion.
Umahi, disclosed this during a tour of the ongoing project at the weekend
The minister’s revelation showed that the infrastructural project which is 700 kilometres will consume N4 .39 billion per kilometre.
Umahi, also debunked claims that the project did not follow the due procurement process.
He added that the project was awarded on a counter-funding basis and not on a Public-Private Partnership as claimed.
According to him, “There are seven questions the respectable former Vice President is asking. Of these seven questions, I have answered with 14 answers. On the cost of the project, a kilometre of the road will cost N4.39 billion. If this is applied to the 700 kilometres, we are talking of about N2.8 trillion.
“The procurement for this project is most prudent. With the standard of work that will be done on this coast road, ocean surge is conquered When building a coastal road, use of concrete is most appropriate than asphalt or any construction model.
“The major fact about this Lagos-Calabar coastal highway is that it will bring foreign investments to many states and the country as a whole.”
He also wondered why the Tinubu administration released N1.06 trillion for the pilot phase, or six per cent of the project, which starts at Eko Atlantic and is expected to terminate at the Lekki Deep Sea.
