Africa Plus Partners, FG begin Benin-Asaba expressway redevelopment

• Published On: 25 March 2025 at 19:11

Arica Plus Partners, in collaboration with the Federal Ministry of Works, has officially begun the redevelopment of the 125-kilometer Benin-Asaba Motorway under the Highway Development and Management Initiative.

According to the statement, this project, which is part of HDMI Phase 1, is an important component of the Federal Government's efforts to ensure the sustainable development, efficient maintenance, and world-class management of Nigeria's critical road infrastructure.

Speaking at the official handover ceremony for the road redevelopment to Africa Plus Partners, Minister of Works David Umahi emphasised the Federal Government's commitment to modernising infrastructure and ensuring its long-term viability.

He stated, "President Bola Tinubu's Renewed Hope Agenda is delivering a robust and interconnected infrastructure that promotes ease of movement, strengthens the economy, and ensures a self-sustaining transport network that supports growth for future generations."

"The Benin-Asaba highway is an important link between the southern and northern regions, facilitating trade and other economic activities. The highway is a critical component of the country's economic backbone and has long required urgent rehabilitation and upgrading."

Monday Okpebholo, Governor of Edo State, spoke on behalf of President Bola Tinubu and praised the private sector-led financing structure, emphasising its role in advancing infrastructure development.

Okpebholo says, "This is a legacy project." Private investors' willingness to risk their capital demonstrates a strong belief in the president's vision and the future of our economy.

Wale Edun, Minister of Finance and Coordinating Minister for the Economy, referred to the project as a significant milestone in infrastructure financing.

He stated, "What you see on the front page of the event brochure will be delivered because the cash is available. This project does not rely on direct federal funding. Africa Plus Consortium, backed by credible investors, has proposed a full capital commitment under President Bola Tinubu's enabling policies.

"This is just one of many projects that will be delivered week after week, month after month, through sustainable financial frameworks that ensure transparency, efficiency, and speed."

Anhad Narula, Chairman of Africa Plus Partners, emphasised the company's commitment to providing economically viable and environmentally sustainable infrastructure.

He said, “A road like this should do more than connect cities—it should create value. With solar-powered streetlights and CNG-powered facilities, we’re ensuring 24/7 reliability while lowering emissions. It’s about building infrastructure that lasts, serves communities, and pays for itself over time.”