The Federal Government has granted approval to the Ogun State Government to fix and toll the Lagos-Abeokuta Expressway.
Minister of Works, Dave Umahi, disclosed this to the media in a post federal executive council meeting briefing.
The minister said the project for the road which had been in a deplorable state for many years and become a death trap, would be carried out under the Highway Development and Management Initiative (HDMI).
According to him, the Infrastructure Concession Regulatory Commission (ICRC) and the Federal Ministry of Finance would also be involved in the process.
“Under HDMI, when they (state governments) finish the roads, they have to toll it. There is a maximum number of years they have to toll it, recoup their money and then the funds will have to start coming into the Federation Account and that is why we are very much interested in how much the road is going to cost and to adopt the standard procedure in road construction and design. This is very important.
“An example of this system — HDMI – was the approval of Lagos-Otta-Abeokuta today (Monday) for Ogun State Government to build and toll.”
The Lagos–Abeokuta Expressway is an 81-kilometre-long expressway connecting Abeokuta, the capital of Ogun State, and Ikeja, the capital of Lagos, Nigeria’s largest city.
The road is among the most busy in Nigeria.