The Federal Government of Nigeria has approved $3.9 billion (about N12. 280 billion), for the construction of the Nigeria-Cameroon border link bridge at Ikot-Efiom in Cross River State.
The money, it was learnt, was sourced from the African Development Bank (ADB).
The project is being funded under the bank’s support for improving relations between Cameroon and Nigeria following the International Court of Justice (ICJ) judgment, which ceded Bakassi to Cameroon.
The project covers part of the link road to between Enugu/Abakaliki highway, which is at an advanced stage of completion. It is also part of the larger Lagos/Mombasa highway.
Speaking to State House correspondents after the weekly Federal Executive Council (FEC) meeting presided over by Acting President Yemi Osinbajo yesterday at the Presidential Villa, Minister of Power, Works and Housing, Babatunde Fashola disclosed that $38 million is for the construction contract while $1.9 million is for consultancy under the ADB procurement guidelines.
The minister also added that in the meeting, FEC also approved the resuscitation and completion of the 50-kilometre Kaduna Eastern bypass highway, which was started in 2002 but has remained uncompleted 15 years after.