.
This was made known by the Minister of Works Dave Umahi on Thursday morning while speaking on Channels Television’s The Morning Brief.
He said, “Let me leave out the infrastructure along the corridor. Let me just concentrate on the tolls and I put 50,000 vehicles as an average passage on these toll points per day.
“I put N3,000 as an average cost. N3,000 because the cars could be like N1,500, and the big trucks could be like N5,000. So, we put an average.”
“In 15 years, you make back the money,” he added, dismissing calls that the cost budgeted for the road was high.
According to him, there will be security at the toll gates and also some facilities like filling stations.
“At every point of tolling, we also have toll station where we have a kind of relief activities: the restaurants, filling stations, parking lots, and so on and so forth,” Umahi said.
Landmark Realty, a property development company, earlier lamented the plan by the government to have the 700km coastal road cut through its ecosystem.
In its ‘Briefing Note On The Lagos-Calabar Coastal Road Construction And The Preservation Of Tourism And Hospitality Businesses Along The Coastal Right Of Way,’ the company called for an in-depth consultation to safeguard the growth of tourism and hospitality Industry.
It stressed that the original construction plan for the road – as part of the West Africa coastal highway – was to go through the Water Corporation Road Median.
According to Landmark Realty, the median is still undeveloped.
