President Tinubu Flags Off 125km Benin-Asaba Highway Reconstruction
In a significant move to enhance Nigeria’s infrastructure, President Bola Tinubu has inaugurated the reconstruction of the 125-kilometer Benin-Asaba Highway. This project, set to be completed within 30 months, is poised to bolster economic activities by improving connectivity between the South-South and South-East regions.
Public-Private Partnership Model
The highway reconstruction is being executed under a Public-Private Partnership (PPP) framework, with Africa Plus Partners Nigeria Limited (APPNL) spearheading the financing. This approach underscores the government’s commitment to leveraging private sector expertise and funding to address critical infrastructure needs.
Economic Significance
The Benin-Asaba corridor serves as a vital link, facilitating trade and movement between key economic zones. Its upgrade is expected to reduce travel time, enhance safety, and stimulate economic growth by providing a more efficient transportation route for goods and passengers.
Government’s Infrastructure Agenda
This initiative aligns with President Tinubu’s broader agenda to modernize Nigeria’s infrastructure through innovative financing models. By engaging private investors, the administration aims to deliver essential projects without overburdening public finances, setting a precedent for future developments.
Source : Swifteradio.com
