Minister of Works, Dave Umahi, has signed a pact to review subsisting guidelines for private sector participation in road infrastructure development under the Highway Development Management Initiative (HDMI).
 
In a statement by his Special Adviser on Media, Orji Uchenna, the review is to strengthen the concession policy for concessionaires with a view to attracting private sector funding and investments.

According to the document, the review includes an addendum, made public after a two-day meeting with stakeholders in Abuja yesterday.
 
It explained that the aim of the two-day meeting was to develop a more realistic, transparent and productive approach to financing in the construction and maintenance of road projects under Public-Private Partnerships (PPPs).
 
The statement added that the meeting identified certain articles and clauses in the existing concession agreements executed on May 23, 2023, that required appraisal.