Second Niger Bridge Awarded To Gitto Group At N58.6bn

ASABA — THE construction of the much-awaited second River Niger bridge was yesterday flagged off by President Olusegun Obasanjo.

The N58.6 billion bridge which is expected to be completed between three and half years is to be built under public-private partnership with the Gitto Group providing 60 per cent of the fund, Federal Government 20 per cent while the Anambra and Delta State Governments would contribute 10 per cent each towards the project.

President Obasanjo attributed the delay in the take off of the project to the search for a legal framework for such public-private sector partnership in the development of the nation’s infrastructure, noting that the second Niger Bridge was the second in the series of such Public/Private partnership in road infrastructure undertaken by his government, the first being the one linking Kogi and Nassarawa states.

He said that “where the bridge connects two states like this and like the one we just carried out between Kogi and Nassarawa, the equity will be the private sector 60 per cent, Federal Government 20 per cent and each of the two states 10 per cent. So, we are going to look for ways of doing this type of thing more and more. We cannot expect government to provide all the infrastructures that we need for a fast developing country.

“The private sector coming in and what is important is to encourage private sector to come in to ensure that their investment is secured


NB

Why did it take OBJ's government up to the last week of his tenure to award to this mega contract to this unknown Gitto Company? It could have been left for Yar'dua's government. I hope Soludo is not being used to loot  our reserves the way Abubakar did. Why can’t this government do something that will be exemplary?

where are their major projects in Naija 

so they have not been involved  in any  bridge project of this magnitude. The reason why I am saying this is that Onitsha Owerri road was awarded to this type of faceless company (CCC) These are Nigerians fronting to use whitemen   to get FG contracts. It looks like they do not have any track record on bridge construction. Most civil engineering firms in Naija can undertake a structural  project like Ecumenical centre but not River Niger Bridge construction.

there is a big difference  building a structure  and constructing a river niger bridge.   larger structures as in what? You only mentioned two projects with no  bridge construction record.

Abeg, guys,does this make any sense?

Here's a Picture of the Afa Creek Bridge in Cross River, constructed by Gitto

Not really, Julius Berger has built most bridges and roads in Nigeria, they built the Nnamdi Azikwe Airport in Abuja, but Julius Berger is a subsidiary of Bilfinger and Berger. Yet nothing but good has come out of Julius Berger's presence in the country. I believe Gitto, needs to recieve the same ovation

@dblock

Afa Creek Bridge in Cross River is not the Niger Bridge, do you know the traffic volume that goes through Niger Bridge everyday with the costant hold ups?

Hopefully they know what they're doing though!

I never said it was the Niger Bridge. I was simply posting a Pic, because some people questioned if Gitto was active in that Genre!

Chief Seun.

Why did you delete my posts that never offended anybody? I challenged obo_nyunmi who called me names to argue intellectually instead of name calling. Could you tell me how that post offended you?  Why did you not delete that post when it first attacked me? You acted when I urged her to adopt analytical approach toward her debate.  You have to be fair in  your dealings with other members. You MUST act that New Nigeria you would love to see and live in. Good luck


Eleventh commandment of Nairaland. Thou shall not trust a story without a website

By the way, I got this quote from my bible. Do you also want a link for this?


http://www.vanguardngr.com/articles/2002/cover/may07/25052007/f725052007.html