The Federal Government, through the Ministry of Works, has signed the Engineering, Procurement, Construction, and Finance contract for the Lagos-Calabar Coastal Highway Project with Hitech Construction Company Nig. Ltd.
This contract allows the contractor, in collaboration with the Federal Ministry of Finance, to secure foreign investment for the project, a statement by the works minister’s Special Adviser on Media, Uchenna Orji, stated on Tuesday.
He said the agreement is in accordance with the Renewed Hope administration’s roadmap to securing sustainable funding for the laudable and ambitious Legacy Projects that will stimulate economic growth.
During the signing ceremony, the Minister of Works, Dave Umahi, said the project had been the vision of President Bola Tinubu years ago and has now come to fruition under the Renewed Hope administration.
He assured that, with the contractor’s capabilities and the clear political will of Mr President, the 750km Lagos-Calabar Coastal Highway project would be completed by the grace of God before the end of Mr. President’s second term.
He said “We are very grateful to God almighty for this project that Mr President initiated.
