In a significant move to accelerate the long-awaited Bodo-Bonny road project, the Federal Government has proposed a 30% advance payment from Nigeria LNG (NLNG) as part of an effort to expedite construction. This announcement comes on the heels of the Federal Executive Council’s (FEC) approval to increase the project’s funding to a substantial N280 billion.
During a recent meeting with representatives from Julius Berger (Nig.) Plc, the Minister of Works, David Umahi, underscored the urgency of mobilizing resources across multiple construction sites. “To meet the extended deadline of September 2025, we need work to commence at a minimum of three locations,” he stated, emphasizing that the project’s timely completion is a top priority for the government.
The 30% advance payment is designed to combat the challenges posed by inflation and to ensure that the project proceeds without financial impediments. Umahi clarified that this measure aims to maintain the fixed contract sum of N280 billion, preventing any further delays. “We’ve agreed on the N280 billion as the new fixed contract sum, with an additional 12-month completion period,” he noted, highlighting the government’s commitment to see this vital infrastructure project through to completion.
The Bodo-Bonny road project, initially awarded in 2014 for N120 billion, has been subject to multiple revisions over the years. The budget was last adjusted in 2021 to N199.9 billion, reflecting the increasing costs associated with construction. This ambitious 34-kilometer project is set to enhance connectivity in the region by linking Bonny Island to the mainland of Rivers State through an intricate network of bridges and roads.
The scope of the project includes the construction of 13 bridges, three of which are major structures, including a notable 1,000-meter bridge spanning Opobo Creek, along with nine mini-bridges and a pipeline-spanning bridge. This infrastructure is expected to dramatically improve access to Bonny Island, fostering economic growth and facilitating transportation in the region.
Originally structured as a joint funding effort, the project saw the Federal Government and NLNG each contribute 50% of the costs. However, in 2021, Julius Berger requested a budget revision, which temporarily halted progress and raised concerns about the project’s future. The recent FEC approval to increase the funding to N280 billion, coupled with the proposal for a 30% advance payment, signals a renewed commitment to overcoming these hurdles.
At the conclusion of the meeting, updated Letters of Award were formally handed over to Julius Berger, outlining the terms that the contract is fixed, firm, and non-transferable. The agreement stipulates that it will be automatically terminated at the end of the agreed period unless formally reviewed by the Ministry.
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As the project gears up for this new phase, there is a palpable sense of optimism in the region. Community members and stakeholders are hopeful that these renewed efforts will not only enhance regional connectivity but also stimulate economic development and provide job opportunities for the local populace.
