The Sustainability of Concessioning Itobe-Ajaokuta Expressway to the Private Sector
International Journal of Engineering Management
Volume 4, Issue 2, December 2020, Pages: 30-36
Received: Feb. 2, 2020;
Accepted: Feb. 20, 2020;
Published: Aug. 27, 2020
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Apeh Ocholi Adejoh Samuel, Department of Civil Engineering, The Federal Polytechnic Idah, North Central, Nigeria
The study focused on the Sustainability of Concessioning of Itobe-Ajaokuta Expressway to the private sector. The methodology adopted was the traffic volume count for 30 days, which enabled me to calculate the number of vehicles for each of the six different classes of vehicle plying the road daily. The study found that a total of 78,690 vehicles use the road daily. The vehicles were categorised into six (6) different groups, and tolls to be paid allocated to each of them. From the research carried out, a total of One hundred and thirty four million, four hundred and eighty thousand, six hundred naira (#134, 480, 600), could be realised from toll charges annually. It was also found that the road is 5.05Km long and that it would cost the sum of Six hundred and eight million, four hundred and fifteen thousand, nine hundred and twenty naira (#608,415,920), to construct the road. The key objective was to analyse whether concessioning the expressway to the private sector is sustainable, that is whether the toll charges will be able to construct and maintain the road within the concession period of thirty years. The study recommends that Kogi State government could approach the African Development Bank for loan to construct this very critical road in order to alleviate the sufferings of the Nigerian people plying the road. The study concludes that the Ajaokuta-Itobe Expressway concession project is a viable and sustainable project, and that it will increase the welfare of the people, and directly or indirectly improve the standard of living of the people, and that rehabilitating the 5.05km of Itobe-Ajaokuta expressway will reduce environmental pollution, vehicle operating costs and travel time on the road thereby promoting economic development through improved transport services.
Apeh Ocholi Adejoh Samuel,
The Sustainability of Concessioning Itobe-Ajaokuta Expressway to the Private Sector, International Journal of Engineering Management.
Vol. 4, No. 2,
2020, pp. 30-36.
Copyright © 2020 Authors retain the copyright of this article.
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