Latest Breaking News On - West approach - Page 7 : comparemela.com

• NSE queries exclusion, quality standards • Bridge has no local content, says Ositala • Ohanaeze extolls FG, seeks early completion The Federal Government has so far released a total of N116.72 billion for the much-politicised Second Niger Bridge, a project valued at N414 billion and expected to be delivered next year, The Guardian has learnt. It was also gathered that the project was awarded as a “lump sum contract” without provision for cost variation. The Head of Corporate Communications, the Nigeria Sovereign Investment Authority (NSIA), the project fund manager, Titilope Olubiyi, told The Guardian, yesterday, that the Federal Government would fund part of the cost while the balance would be sourced from the debt market. He added that a management company would be established on completion as the project would be concessioned.

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