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The reconstruction of the expressway was announced on May 14, 2018, by Mr. Babatunde Fashola (SAN) Minister of Power, Works and Housing of the Federal Republic of Nigeria, with the goal of reducing travel time for hundreds of thousands of commuters. The contract was awarded to Julius Berger Nigeria and Reynolds Construction Company Limited at a ...
The contract was awarded to Julius Berger Nigeria and Reynolds Construction Company Limited at a sum of 167 billion Naira, equivalent to $838,986,290. [8] Two sections of the expressway will be reconstructed and this includes Section I (Lagos to Sagamu Interchange) and section II (Sagamu Interchange to Ibadan). [9]
The construction of the Lagos-Calabar Coastal Highway began in March 2024 under the administration of Bola Tinubu with the first phase, which stretches 47.47 kilometers from Lagos. The highway is expected to be completed in eight years and will cost N4 billion per kilometer. [5] [6]
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Julius Berger is a Nigerian construction company, headquartered in Abuja, [1] with additional permanent locations in Lagos and Uyo.. Julius Berger Nigeria Plc is a Nigerian company offering holistic services covering the planning, design, engineering, construction, operation and maintenance of buildings, infrastructure and industry projects in Nigeria.
In the 1970s, following the end of Nigeria's civil war, a period of increasing oil price followed and Nigeria went through series of economic upturns. A need for improved infrastructural facilities especially in the capital city of Lagos that had gone through a period of port congestion and then an upward tick in vehicular traffic created the impetus for a third bridge linking the commercial ...
Company Industry Revenue (US$ millions) Profits (US$ millions) 1 Nigeria National Petroleum: Oil and gas 9,706 1,877 2 Nigeria Liquefied Natural Gas: Oil and gas 6,315 ... 3 MTN Nigeria: Telecommunications 3,514 536 4 Dangote Cement: Cement 2,699 721 5 Nigerian Petroleum Development: Oil and gas 2,686 219 6 Flour Mills of Nigeria: Agroindustry ...