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75 Companies Bid For Concession Of 12 Federal Roads

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A total of 75 companies are bidding for 12 federal roads to be concession under the first phase of the Highway Development Management Initiative (HDMI).

“Then if they are successful, they go on to the next stage which is RFP stage,” Asein said. She added that successful RFQ bidders would be contacted after which Bidders Conference would be held preparatory to the RFP.The head of PPP noted that government came up with the HDMI to free up physical burden on government for competing priorities.

He was optimistic that everyone who indicated interest at the RFQ stage would meet the basic pre-qualification criteria and were pre-qualified for the RFP stage. ward to a robust procurement process that will usher in the much needed concessionaires that will develop and manage these routes, while recouping their investment through till and non till revenue sources,” the perm sec said.NAN recalls that the Minister of Works and Housing, Mr Babatunde Fashola, received the Certificate of Compliance for the Outline Business Case for the HDMI in December 2020.This was followed by the official launching of the E-portal on 29 March, 2021.

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75 companies submit bid for concessioning of 12 highways - FG | The NationSeventy-five companies have submitted bids for the concessioning of 12 Federal roads through its online portal, under the first phase of the Highway Development Management Initiative (HDMI), the Federal Government has disclosed.
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