The Federal Government will charge N3,000 on average per toll gate when the Lagos-Calabar coastal road is completed.
Nigeria’s Minister of Works Dave Umahi confirmed the figure on Thursday when he was featured on Channels Television’s The Morning Brief.
“Let me leave out the infrastructure along the corridor. Let me just concentrate on the tolls and I put 50,000 vehicles as an average passage on these toll points per day,” Umahi said on the breakfast show.
“I put N3,000 as an average cost. N3,000 because the cars could be like N1,500, and the big trucks could be like N5,000,” he said. “So, we put an average”.
However, the former Ebonyi governor who said the project will cost N15bn, believes that with the tolling plan, that money would be recouped in 15 years.
“In 15 years, you make back the money,” he said, dismissing calls that the cost budgeted for the road was high.
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