- The project was awarded to Hitech Construction Company Limited.
- The project also demolition of the popular Land Mark Beach in the Lagos Island.
President Bola Tinubu has flagged off the 700 kilometre Lagos-Calabar Coastal highway.
The Lagos-Calabar coastal highway project is estimated to cost about N15 trillion.
The ceremony took place in Victoria Island, Lagos, on Sunday.
The president was flanked by Senate President Godswill Akpabio, Babajide Sanwo-Olu, Lagos governor; Hope Uzodinma, Imo governor; Dapo Abiodun, Ogun governor; and Dave Umahi, minister of work.
“It’s my bragging day”, while highlighting ten benefits of the superhighway project which cuts across eight states,” Tinubu said.
“It’s my bragging day. We will do this road. We are determined to do it.
The federal government commenced the construction in March 2024, beginning with the first phase of the project, which stretches 47.47 kilometres from Lagos.
The project has earned the FG criticism from major opposition leaders like the presidential candidate of Peoples Democratic Party, Atiku Abubakar, and his Labour Party counterpart, Peter Obi.
The Lagos-Calabar coastal highway project, designed to stretch 700 kilometres and pass through nine states.
The project was awarded to Hitech Construction Company Limited on an Engineering, Procurement, Construction, and Financing (EPC+F) arrangement, where the bulk of the risk falls on the contractor, and the federal government provides counterpart funding.