Planet Projects Nigeria Ltd., the company that designed and built the Oshodi Transport interchange in Lagos State has won a N51 billion contract to build bus terminals and other transport facilities in Abuja’s city centre.
This was disclosed in a statement via a post by the Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga summarizing the policies and projects endorsed during the FEC sessions held on Monday and Tuesday.
The Federal Executive Council approved this contract during its meeting on Tuesday, May 14, 2024.
In the post, Onanuga clarified that the Federal Government expects Planet Projects Nigeria Limited to complete the construction of the terminals, which are to be located at Kugbo, Abuja Central Business District, and Mabushi, within 15 months of the contract award.
“The Federal Executive Council also approved the award of contract for the building of bus terminals and other transport facilities in the Federal Capital, Abuja. Terminals will be built within 15 months at Kugbo, Abuja Central Business District and Mabushi. The whole project will cost N51 billion and will be executed by Planet Projects Nigeria Limited, which did similar contracts in Lagos and Oyo states,” Onanuga’s tweet read in part.
The World Bank has projected that Nigeria must invest $3 trillion to reduce its infrastructure deficit. Experts estimate that Nigeria’s infrastructure deficit costs between $100 billion and $150 billion annually over the next 30 years.
Planet Projects Nigeria Limited, a transport solutions company, has completed major engineering projects such as the notable Oshodi Transport Interchange, which features three multi-story bus terminals complete with facilities such as waiting areas, loading bays, ticketing stands, drivers’ lounges, parking areas, conveniences, surveillance towers, and pedestrian bridges linking the terminals.
It also constructed the Ikeja Bus Terminal equipped with a robust Intelligent Transport System and Operations and Control Centres, enhancing service efficiency.
