larride:


So you mean you cant buy a new car and still repair your faulty car?

Wonderful.

popizaino:


Good you know and that is why i am also asking you if you will leave your faulty car unattended to buy a new car as a way of saving?

afrodoc2:


You can. But probably not when you are broke.

OasisX:


......Government need to do something on these akokos, I don't even know how those roads can be fixed to double-lane, coz many houses will go down.

Itsrm:


I like the idea of the coastal road. 3 hour journey from PH to Lagos is something I can't wait to experience.

However, what happens if the contractor can't secure funding for the road?

Amigoss:
Na you use your mouth talk say MR INFRASTRUCTURE nearly bankrupt the country and we need to endure some pains and undergo some sufferings,na you still wan undertake luxury project at this moment of austerity, MENT!!!!!

This same people will frown at their club to use the entire transfer budget(whether bank loan or cash) to buy one luxury player when there are like 3 other positions that are of utmost importance needed to be fixed...

Theflint1:
Given scarce resources (at least we all agree on this), is the Lagos-Calabar coastal road of a higher priority than other projects that are yet to get any attention? What's the expected ROI for that project vis-a-vis other projects crying for attention? Can we get same ROI for much less investing in other projects?

We have a power sector that's begging for investment...bad roads all around the country that would cut travel time on average by 50%...we need investments in our federal schools, investments in health...what's being done in all of those areas? Nothing...but Oasis wan dey look beach as e dey drive, so make we do coastal road ...we know what we're doing sha. Like Prospa talk, 3 years time we go dey feign shocked.

larride:


That's why the government is going to a financing agreement where it is the contractor that will finance 70% of the project and recoup the cost in toll.

afrodoc2:


Ok. I don’t know the details of this project, but from a distance it looks like a slight misplacement of priorities.

Let me step back and allow you guys on both sides of the aisle that have more information debate about it sha

TemporaryHansel:


He thinks 11.5bn dollars is child's play. The chagoury people he said will be executing it aren't even worth up to a billion dollars, I wonder how they'll fund 70% of the project.


In the end, the fg will likely be the one to bring the whole money. They just can't say it now to avoid outrage.

larride:


To be fair, I would've preferred the Lagos to Calabar railine instead but if its Lagos to Calabar coastal road we'll get, I'm fine with it.

izzou:


But there are empty lands just behind those houses.

It is not as if the place is conjested and the houses are skyscrapers.

How those narrow pathways are Federal roads is shocking

GloriousGbola:


Development comes at a cost.

Also I am sure those roads were originally built with ample setback. Na so we dey do.

raumdeuter:


Some road projects have also been captured here
https://www.budgetoffice.gov.ng/index.php/resources/internal-resources/budget-documents/2024-budget

ROI is immeasurable at this point, or what was the ROI when 3rd mainland bridge was constructed and the impact on the economy of Lekki-Ajah axis since then

The project is 70% private financed, so FG is only paying 30% of total cost. The potential of what the road will achieve and open up new places that had been forgotten for decades makes it worth it

izzou:


But there are empty lands just behind those houses.

It is not as if the place is conjested and the houses are skyscrapers.

How those narrow pathways are Federal roads is shocking

User09:
The questions I have on the project, Not sure I can get it online. If anyone can help I'll be glad

Funding Structure - That huge commitment from a private entity can only mean one thing??

Is it gonna be tolled? what tolling strategy will be adopted

Is it a concession and for how long?

What protection ad guarantee structure is in place if and should there be a change in govt?

What are the terms of force majeure in the agreement?

User09:
The questions I have on the project, Not sure I can get it online. If anyone can help I'll be glad

Funding Structure - That huge commitment from a private entity can only mean one thing??

Is it gonna be tolled? what tolling strategy will be adopted

Is it a concession and for how long?

What protection ad guarantee structure is in place if and should there be a change in govt?

What are the terms of force majeure in the agreement?

Theflint1:
These places the coastal road is supposed to link are not islands, there are existing bad roads linking all of these places...if I want to do Lagos-Calabar tomorrow, I won't fly jetty or take flight, there's a road that'd take me there. I'm not saying there's no economic value at all to this coastal road, my point is given all other roads and projects screaming for attention, should this coastal road be a priority? Most of the roads that have been mentioned on this thread as we speak are in the state they were when Tinubu seized the presidency, should the coastal road take priority over these projects (scattered across the country) that'd cost less and most likely yield as much if not more value in the medium to long term?

ROI is not immeasurable, there's templates and standards the FG can use to compute ROI on the project...I don't want to believe the FG just does projects without first sitting down to consider the economic merit of the project they're undertaking.

GloriousGbola:


I think the govt may be shying away frim railways for the nearest future because of out of control vandalism. Also because until NRC is privatised any revenue collection will be thoroughly fked up

larride:


To be fair, I would've preferred the Lagos to Calabar railine instead but if its Lagos to Calabar coastal road we'll get, I'm fine with it.

OasisX:


......its gonna be tolled and maintained for 20yrs by the Contractor.

raumdeuter:


Is there not a rail line in the middle of the road?

[b]The works minister, addressing journalists after the council meeting, said the 47.47km dual carriageway has five lanes on each side and a train track in the middle. [/b]Umahi explained that it forms part of the 700km road spanning nine states, with two spurs leading up north, noting that the facility will be constructed with concrete.

https://punchng.com/just-in-fg-commences-construction-of-700km-lagos-calabar-coastal-road/#google_vignette

https://medium.com/@landpropertynigeria/lagos-calabar-coastal-highway-latest-construction-update-on-eleko-axis-1ab8c0a055a6#:~:text=The%20first%20phase%20covers%20a,spurs%20leading%20to%20northern%20states.

GloriousGbola:


The real koko of the matter right there

Theflint1:
These places the coastal road is supposed to link are not islands, there are existing bad roads linking all of these places...if I want to do Lagos-Calabar tomorrow, I won't fly jetty or take flight, there's a road that'd take me there. I'm not saying there's no economic value at all to this coastal road, my point is given all other roads and projects screaming for attention, should this coastal road be a priority? Most of the roads that have been mentioned on this thread as we speak are in the state they were when Tinubu seized the presidency, should the coastal road take priority over these projects (scattered across the country) that'd cost less and most likely yield as much if not more value in the medium to long term?

ROI is not immeasurable, there's templates and standards the FG can use to compute ROI on the project...I don't want to believe the FG just does projects without first sitting down to consider the economic merit of the project they're undertaking.

User09:


20 years is quite short oo. Means a likely high toll rate/fee.

20 years from the concession date or from the completion date?

Theflint1:
Okay, Tinubu no seize presidency, he won it fair and square...hope things are now less forked now that I agree he won it fair and square?

afrodoc2:


Ok. I don’t know the details of this project, but from a distance it looks like a slight misplacement of priorities.

Let me step back and allow you guys on both sides of the aisle that have more information debate about it sha

User09:


20 years is quite short oo. Means a likely high toll rate/fee.

20 years from the concession date or from the completion date?