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APC hails Buhari's Highway Development, Management Initiative


By Omeiza Ajayi, ABUJA
The ruling All Progressives Congress APC has hailed the federal government’s introduction of a Highway Development Management Initiative HDMI, which will grant licences to individuals and other private concerns to build, operate and maintain highways across the country.
About 12 federal roads have been pencilled down for the first phase of the initiative.
National Secretary of the APC’s Caretaker Extraordinary Convention Planning Committee, Sen. John James Akpanudoedehe in a statement issued Tuesday in Abuja said “aside from being a global best practice, the HDMI road concession arrangement complements previous financing options initiated by President Muhammadu Buhari administration, including the Sukuk Bond; Presidential Infrastructure Development Fund (PIDF) – a dedicated fund for the construction of the Second Niger Bridge, the 375km Abuja-Kano Road and Lagos-Ibadan Expressway and the Road Infrastructure Tax Credit which the Dangote Gr ....

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