Loan for major road infrastructure improvement approved in Nigeria


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Loan for major road infrastructure improvement approved in Nigeria

Nigeria’s decision-making federal cabinet has approved a US$330 million World Bank loan for the improvement of road infrastructure in Nigeria. The International Development Association (IDA) Special Drawing Rights (SDR) was approved by the Federal Executive Council at its weekly meeting in the capital city of Abuja. The approval, granted under the federal government’s Federal Roads Development Project, is expected to reduce passenger travel time and vehicle costs on targeted federal roads. Government’s spokesman and Information and Communications Minister John Odey said the project would be implemented on a performance-based contract and would focus on the rehabilitation and upgrading of selected unity roads across the country. He listed the roads as the two-lane Sagamu-Ibadan Expressway (166.2 kilometres), the two-lane Abuja-Kaduna-Zaria-Kano road (808.4 kilometres) and the single carriageway Enugu-Abakaliki-Ogoja Junction-MFUM road (150 kilometres).

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