Cross River Concessions 45KM Road Network, Others At N12B
San Francisco, Sept 09, (THEWILL) - The Cross River State Government has entered into a concession agreement with an indigenous firm, Day Star Nig Ltd for the construction of a 45 kilometres road network and provision of other socio-economic amenities in the quarries concentrated areas of Akamkpa Local Government Area.
Mr. Eyo Etim Ekpo, Special Adviser to Governor Imoke on Special Projects, who disclosed this to newsmen shortly after the 36th State Executive Council meeting in Calabar, Wednesday, noted with delight that barely a month after the passage of Public Private Partnership (PPP) bill into law in the state which empowers the private sector to provide the management skill, financial and technical resources required to implement projects or programmes that will impact on the majority of the citizenry, the state has begun to witness private sector participation in actualizing its visions.
The Special Adviser disclosed that the road network which covers Old Netim and Obung Communities with a distance of 15 kilometres will be extended to include Akamkpa Urban and Nsan Communities, to increase it to 45 kilometres.
He explained that over 95% of granite produced in the state comes from the area and that it requires access roads which is currently posing a lot of challenge to evacuate the product to most construction sites within the South-South region, adding that the N12 billion investment by the company will not only be for road construction, but will cover provision of schools, medical centre, water and sanitation facilities as well as educational aids.
Mr. Ekpo maintained that the concession exercise which will have a 16 years pay back period has received the approval of the executive council, adding that business plan has been developed, technical evaluation completed and environmental impact assessment carried out to commence work soon.
He explained that when fully operational, every quarry within the network will be linked to one another with an access gateway to Calabar – Ogoja highway.
The Special Adviser pointed that with lean Federal Allocation to the state does allow the state implement its lofty programmes. The project when fully implemented will serve as a veritable platform for revenue generation in the state as well as transform the socio-economic status of the affected communities.