Business
Julius Berger Set To Construct 2nd Niger Bridge
The Federal Government has completed the procurement process for the construction of a second Niger Bridge with Julius Berger-Africa Infrastructure Management (AIM) Consortium emerging the preferred bidder.
Briefing newsmen in Abuja, the Minister of Works, Mr Mike Onolememen, said the government had earmarked N30 billion under Subsidy Reinvestment Empowerment (SURE-P) programme for the project.
Onolememem said that Julius Berger-AIM Consortium emerged winner after slugging it out with other world-class construction companies which included ARM, Bouygues Consortium, China Harbour Consortium and Johnson-Matiere Consortium.
According to him, the project, packaged under Public-Private Partnership (PPP) arrangement for a period of 25 years, will be delivered under design, finance, built, operate and transfer model.
Omolememen said that the ministry had obtained a “no objection” from the Infrastructure Concessioning Regulatory Commission (ICRC), which regulates all transaction under PPP.
Having obtained the no objection, the ministry launched into the second phase of the project”, the minister said.
He said that the second phase included detailed Hydrological and Topological Survey, Geotechnical Survey, detailed Envrionmental Impact Assessment and in-depth traffic survey of the project.