April 12, 2024.
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Azonuchechi Chukwu.
The Federal Government has hinted that it will likely charge an average of N3,000 per toll gate for vehicles using the Lagos-Calabar coastal road upon its completion.
The figure was confirmed by the Minister of Works, Dave Umahi, when he featured on a Channels Television programme, The Morning Brief, on Thursday, April 11, 2024.
While dismissing insinuations that the budgeted cost for the project was high, the minister said the money invested will be made back in 15 years.
Umahi said, “Let me leave out the infrastructure along the corridor. Let me just concentrate on the tolls and I put 50,000 vehicles as an average passage on these toll points per day,” Umahi said on the breakfast show.
“I put N3,000 as an average cost. N3,000 because the cars could be like N1,500, and the big trucks could be like N5,000,” he said. “So, we put an average”.
“In 15 years, you make back the money,” he said, dismissing calls that the cost budgeted for the road project was high.
The minister noted that there will be security at the toll gates and also some facilities like filling stations.
He said, “At every point of tolling, we also have toll station where we have a kind of relief activities: the restaurants, filling stations, parking lots, and so on and so forth.’’
“So, people will now have confidence. In these sections, we intend to put CCTV all through.”
Meanwhile, the minister said the Lagos-Calabar coastal road construction will take 8 years and cost N4 billion per kilometre.
When asked the duration of the project Umahi said,
“We are looking at eight years in the life tenure of Mr President [Bola Tinubu].’’
The minister said each kilometre of the coastal road would cost N4 billion, adding that the government’s prudence made that possible.
He said, “You know, there are other projects not awarded by me that are also going for about N4 billion per kilometre.
“So, I will pride myself, to the glory of God, that this project is the most prudent project that I’m starting. Other projects I made, we are reviewing, we are fighting, and we’re trying to review, the cost.
“Well, I cannot sign my signature on that because it can come down, it can go up.’’
(www.naija247news.com).
