The Senior Special Assistant to President Mohammadu Buhari on Niger Delta Affairs, Senator Ita Enang, has said the Federal Government has approved the total sum of One Hundred and Eighty-Five Billion Naira, (N185bn) for the Construction as well as the dualization of Itu/ Calabar highway.
The Federal road which links Akwa Ibom and Cross River States was awarded to Julius Berger at N54b, CCECC at N52.2b and SEMATECH at N79b.
Enang disclosed this on Wednesday while inspecting the progress of work at the road.
According to him: “We have been having problems of getting funding for the road, but Mr President has asked me to assure you that we have raised money from the tax credit window off federal inland revenue service to the NNPC to fund critical infrastructure mainly road infrastructure.
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“Out of the over N600 billion raised from NNPC as a tax credit, a great part that is N185bn has been dedicated to this road. The road was awarded in three tranches. The first money that was available was N54bn and was for Julius Berger, N52bn to CCECC and the last N79B to SEMATECH engineering.
“This road was designed for dualization since 1972 and only one lane of the four lanes was constructed believing that others would be constructed since then. Thank God, President Mohammadu Buhari has started constructing other lanes with four bridges and he has promised to complete it within the time frame.”
