FG Approves N100Bn For Completion Of Re-Designed East-West Road - |Ads4naira Blog|

FG Approves N100Bn For Completion Of Re-Designed East-West Road

FG Approves N100Bn For Completion Of Re-Designed
East-West Road.
The Federal government has approved the sum of N100
Billion for the completion of Sections 1 to 4 of the East-
West road project from Warri, Delta State to Oron, Akwa
Ibom States of the Niger Delta region with a new
design.
The China Export-Import Bank, had also agreed to
support the construction of Section 5 of the road from
Oron to Calabar in the sum of $500 Million, while the
federal government pays counterpart funding.
The Nigerian Sovereign Investment Authority (NSIA) is
to monitor the completion of Sections 1 to 4 of the road
and the Presidency has directed that the N100 Billion
should be paid directly to the contractors from the
Federation Account.

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