FEC okays N169b private sector investment for improved roads

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The Federal Executive Council (FEC) has approved an N169 billion private sector investment for road infrastructure through the government’s

tax credit scheme.

He said the first project the council approved based on the policy, was the 234-kilometre road from Bali to Sheti through Gashaka to Gembu in Taraba State at the sum of N95,232,474,010.72. Fashola went on: “The second road, which is also the tax credit scheme, was approved by council, is actually three roads. The applicant, in this case, is Mainstream Energy Solutions, a major energy player in the country, which is now seeking to also participate in this policy by investing an N74,486,577, 050.”

 

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