President Goodluck Jonathan Monday commissioned the much awaited 2nd Niger Bridge connecting the South-Eastern States and the other parts of Nigeria as part of one of the promises he made the region during the Presidential Elections.
The President said the Bridge represents a strategic national infrastructure, with great socio-economic prospects for the contiguous States, and indeed, for the entire Nation.
“It is an important economic artery that will connect the great markets of Onitsha and Aba, as well as the industrial hub of Nnewi and beyond, to both the Northern and Southern parts of our country.”
He noted that the the Government is executing this project under a Public Private Partnership (PPP) arrangement for a concession period of 25 years, precisely, through a ‘Design, Build, Finance, Operate and Transfer (DBFOT)’ model.
“We are confident in the capacity and competence of the Concessionaire, Messrs Julius Berger-NSIA Consortium, to deliver on this project, at the construction cost of about N117 Billion Naira.”
He further noted that to facilitate timely delivery, the Federal Government has made a commitment to contribute 25% of the construction cost, in the sum of N30 Billion.