The Federal Executive Council (FEC) has approved significant upscale cost variations for various ongoing road and bridge projects across Nigeria. Here are the key highlights from the recent announcements:
1. **Allocation and Progress of Projects:**
– The Federal Ministry of Finance has allocated ₦300 billion for urgent repairs of 330 roads and bridges nationwide.
– According to Minister of Works, Dave Umahi, these emergency repairs valued at over ₦500 billion are approximately 80% completed.
– The Ministry of Finance has fully released ₦300 billion for these projects, indicating a substantial financial commitment towards infrastructure rehabilitation.
2. **Approved Cost Variations:**
– The Federal Executive Council approved cost variations to ensure project quality and completion.
– Examples include:
– **Umulungbe-Umuoka road, Enugu State:** Construction cost increased from ₦6.245 billion to ₦8.85 billion.
– **Iganmu bridge, Lagos State:** Repair cost increased from ₦1.16 billion to ₦2.229 billion.
– **Calabar to Udopkani roads to Itu road, Cross River State:** Project upgraded to dualisation with enhanced structure engagement, cost revised from ₦79.649 billion to ₦118.412 billion.
3. **Additional Projects and Adjustments:**
– FEC approved immediate procurement for complete rehabilitation of the Katsina-Dustsinma-Maraban road in Katsina State.
– Projects like the Second Niger Bridge underwent redesign and cost adjustments to reflect current market values and budget constraints.
– The ministry is also considering terminating contracts where contractors refuse to accept revised terms due to market fluctuations and increased costs of construction materials.
Overall, these initiatives aim to enhance infrastructure quality and address critical transportation needs across Nigeria, reflecting ongoing efforts by the federal government to improve national infrastructure despite economic challenges and budget constraints.