The Nigerian Government has signed a contract with BI-Courtney Consortium for the construction and management of the $614m Lagos-Ibadan Expressway.

The 25 years concession agreement will allow the consortium to construct the road and provide added facilities such as a trailer park, shopping malls, an eatery, ambulance points, filling stations and communication systems.

The funds and return on investment will be collected from tolls, trailer parks and rest areas.

The construction, installation and operation of toll points with an electronic tolling system, traffic control and enforcement systems and emergency communications equipment will be carried out by the consortium.

The consortium will also install a new gas-fired generation plant to provide power for the highway lighting, signage and control systems.

The federal government also plans four other road projects under public-private-partnership programme. It includes Abuja-Kaduna road, Kaduna-Kano, Benin-Asaba and the Benin-Ore-Shagamu Expressway.