Babatunde Fashola, minister of works and housing, says the second Niger Bridge has reached a 91 percent completion rate.
The minister said that projects executed under the presidential infrastructure development fund have gulped about N1.3 trillion so far.The minister said at least 1,486 people have been directly employed for the second Niger Bridge, while 8,110 indirect jobs have been created. The minister said the Abuja-Kaduna-Zaria-Kano Expressway, a 375km road, cost N797billion; the Second Niger Bridge cost N206billion; and Lagos-Ibadan Expressway cost N310 billion.Commenting on private sector involvement in the projects, the minister said: “On whether second Niger Bridge is PPP financed project by the private — not yet.
“NSIA is talking to some investors who want to bring money, but they have not brought it. Invariably they will, and we expect that they will, and invariably we’ll extend to them concessions for better management but that is further down the line.”