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Showing posts with the label Federal Ministry of Budget and National Planning

FG Moves To Implement Cashless Tolling System On Abuja‐Keffi Road

BY CHIKA OKEKE, Abuja The Federal Government has expressed its readiness to implement cashless tolling system for Abuja-Keffi Expressway in line with the Renewed Hope Agenda of President Bola Tinubu-led administration to revolutionise road infrastructure development and stimulate economic growth.  Minister of Works, Engr. Nweze David Umahi stated this on Thursday in Abuja at the inauguration of a committee that will fastrack the implementation of cashless tolling system and dualisation of Keffi-Akwanga-Markurdi road.  The cashless tolling system is a strategic programme under the Highway Development and Management Initiative (HDMI), aimed at promoting strong and sustainable transportation ecosystem. News Rider reports that a portion of Keffi-Akwanga-Markurdi was executed by China Harbour Limited through EPC + F, and funded up to 85 percent by China Exim Bank, while the Federal Government paid 15 percent of its counterpart funding.  Part of the agreement was that the Chines