The Federal Government has announced preferred bidders for the Nigeria Highway Development and Management Initiative (HDMI) concession programme. The government said the move is with a view to propelling rapid economic development and growth through the haulage of passengers and goods. Sources familiar with the HDMI programme confirm that the Federal Ministry of Works and Housing, and the Infrastructure Concession Regulatory Commission (ICRC) have commenced notification of preferred bidders for the programme. “In doing that, the Commission provided PPP pre-contract regulatory guidance to the Federal Ministry of Works for the bid documents,” he said. This initiative attracts a broad range of civil engineering and construction companies and, for the first time, major infrastructure development finance corporations – specifically the AFC and Africa Plus Partners.

Source: The Guardian April 30, 2022 03:18 UTC