Breaking News

Second Niger Bridge Construction Gulps $2.2million, To Take Further $700million

Written by 
Published in Finance
Tuesday, 08 September 2015 20:15

According to the Nigeria Sovereign Investment Authority (NSIA), the construction of the Second Niger Bridge has quaffed $2.21million (about N439.78million).

The Managing Director/Chief Executive Officer of the agency, Uche Orji, gave the figure on Thursday, September 3, at a media briefing in Lagos.

According to Orji, the Agency, acting through its wholly owned subsidiary, NSIA Motorways Investment Company (NMIC), is collaborating with the Federal Ministry of Works and Julius Berger Investments (JBI) as joint sponsors on the financing, development and construction of the Project.

He said the bridge which is estimated to gulp $700million by 2012 estimates, is billed for completion in 48months.

Orji noted that the 11.9km length bridge, Uche is structured as a Public Private Partnership (PPP) and would be constructed and operated on a Design, Build, Finance, Operate and Transfer (DBFOT) basis.

 

Source: Estate Times

Read 1072 times Last modified on Tuesday, 08 September 2015 15:52
Editor

Online Editor at Interarchtiv Media Company

Sponsored Links

LAGOS ARCHITECTS FORUM 2015: THE BUSINESS OF ARCHITECTURE
REGISTER NOW
Wed. 6th – Sat. 9th May 2015, at the Jasmine and Zinnia Halls, Expo Centre of the Eko Hotel & Suites, Victoria Island, Lagos.
Original VRay Software
www.verticaimages.com
Buy your original VRay software in Nigeria now and get special benefits

Mailing List

Contact us

No. 5 Olusesi Street,Behind Tyse Oil Filling station by Chevron Toll Gate, Lagos.

Tel: +234 [0] 1 293 1819

Tel: +234 [0] 809 357 7122

Tel: +234 [0] 805 341 8334

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Twitter: @interarchtiv

Facebook: Interarchtiv

LinkedIn: Interarchtiv Media

Pintrest: Interarchtiv

Google+: Interarchtiv

Website: http://www.interarchtiv.com

Facebook



Connect with Us

About Us

Interarchtiv is a Media House with a Focus on Architecture, the built Environment, Innovative solutions to complex urban problems in our society and environmental issues. We are interested in how architecture & the environment influences the lives of people & how people in turn interact with the former. We believe our environment shapens our perspective, efficiency, creativity & general well being. 

We are an aggregation of People, Places & Events in one space with a goal of making Architecture Social

JoomShaper