The Federal Executive Council (FEC) has approved the takeover of the construction of the Enugu-Onitsha Expressway by MTN at the cost of over N202.8 billion under the road Infrastructure Tax Credit Scheme, ANAMBRA PEOPLE reports.
This followed a memorandum presented by the Ministry of Works and Housing to the council presided over by President Muhammadu Buhari at the Presidential Villa, Abuja on Wednesday.
The Minster, Babatunde Fashola, who briefed correspondents after the meeting, explained that it is in line with Executive Order 7 signed by the President in January 2019.
He said the telecommunication giant will complete the dualization of the 110-kilometre road.
According to the minister, MTN PLC will take over and complete the ongoing Enugu-Onitsha Expressway. That road is 110 kilometres, which is being dualised. So, you have 110 kilometres times two.
“The outstanding works aggregate to about 91 point something kilometres on both sides, if you accumulate it for those who use the road.
“You will see that the Enugu bound section has been largely completed but there’s a lot of work to be done on the Onitsha section.
“So, this policy is going to allow a steady and sustained stream of funding to completion by MTN and the amount approved is N202,887,436,672,11 billion to complete the outstanding works of an aggregate of 91.9 kilometres on both sides”. He said.