Arica Plus Partners, in collaboration with the Federal Ministry of Works, has officially launched the redevelopment of the 125km Benin-Asaba Expressway under the Highway Development and Management Initiative.
According to the statement, as part of HDMI Phase 1, this project is a key component of the Federal Government’s efforts to ensure sustainable development, efficient maintenance, and world-class management of critical road infrastructure in Nigeria.
Speaking at the official handover ceremony of the road redevelopment to Africa Plus Partners, Minister of Works, David Umahi, emphasized the Federal Government’s commitment to modernizing infrastructure and ensuring its long-term sustainability.
He said, “President Bola Tinubu’s Renewed Hope Agenda is delivering a robust and interconnected infrastructure that promotes ease of movement, strengthens the economy and ensures a self-sustaining transport network that supports growth for generations to come.
“The Benin-Asaba highway is a crucial link between the Southern and Northern regions, vital for trade and other economic activities. The highway is an essential part of the nation’s economic backbone and has long needed urgent rehabilitation and upgrade.”
Governor of Edo State, Monday Okpebholo, representing President Bola Tinubu, commended the private sector-led financing structure, highlighting its role in advancing infrastructure development.
According to Okpebholo, “This is a legacy project. For private investors to risk their capital, it shows strong belief in the president’s vision and the future of our economy.”
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, described the project as a significant milestone in infrastructure financing.
He said, “What you see on the front page of the event brochure will be delivered because the cash is there. This project is not reliant on direct federal funding. Africa Plus Consortium backed by credible investors, has put forward the full capital commitment under the enabling policies of President Bola Tinubu.
“This is just one of many projects that will be delivered week after week, month after month, through sustainable financial frameworks that ensure transparency, efficiency, and speed.”
In his remark, Africa Plus Partners Chairman, Anhad Narula emphasized the company’s commitment to delivering infrastructure that is both economically viable and environmentally sustainable.
He said, “A road like this should do more than connect cities—it should create value. With solar-powered streetlights and CNG-powered facilities, we’re ensuring 24/7 reliability while lowering emissions. It’s about building infrastructure that lasts, serves communities, and pays for itself over time.”
