AEC Unity Network Limited has announced the completion of the preliminary design and feasibility studies for its 470-kilometre Abuja-Lagos greenfield superhighway project.
At a press briefing on Tuesday, the company’s chairman, Kenny Martins, stated that AEC is now awaiting federal executive council approval to begin construction.
He noted that upon completion, the highway will enable commuters to travel from Lagos to Abuja in just four hours.
Martins added that the project is projected to cost between $4 billion and $5 billion, with an expected completion timeline of four years.
“With the support and cooperation of our advisors, consultants and other stakeholders, we can say without being immodest that we have concluded the preliminary aspects of the project designs, studies and approvals,” he said.
He stated that the company is ready to commence construction once it receives FEC approval and the project is officially launched by the President and Commander-in-Chief.
“We have brought our financiers, advisors, and consultants to this event to demonstrate to everyone our readiness, ability and capability as well as our willingness to execute the project and provide for our country the nearest and best link by road between the federal capital, Abuja and Lagos.
“The superhighway will also facilitate easier and cheaper means of commuting by road between the two great cities to the glory of God and the benefit of our countrymen and women.
“The superhighway will be strategic in several ways, because it will not only open up the villages through which the super highway will pass, it will also provide a much more convenient alternative for those who are only travelling to any of the states through which the super highway passes, which include, Lagos, Ogun, Oyo, Osun, Ekiti, Kwara, Kogi, Niger and Abuja,” Martins said.
Martins also revealed plans to build a spur off the superhighway to provide access for travelers heading to Ondo State, pending future approvals.
“We are already in talks with the government of Niger State to construct a Spur in Niger State to link the Baro Port to increase its viability,” he added.
