The study focused on the Sustainability of Concessioning of Itobe-Ajaokuta Expressway to the private sector. The methodology adopted was the traffic volume count for 30 days, which enabled me to calculate the number of vehicles for each of the six different classes of vehicle plying the road daily. The study found that a total of 78,690 vehicles use the road daily. The vehicles were categorised into six (6) different groups, and tolls to be paid allocated to each of them. From the research carried out, a total of One hundred and thirty four million, four hundred and eighty thousand, six hundred naira (#134, 480, 600), could be realised from toll charges annually. It was also found that the road is 5.05Km long and that it would cost the sum of Six hundred and eight million, four hundred and fifteen thousand, nine hundred and twenty naira (#608,415,920), to construct the road. The key objective was to analyse whether concessioning the expressway to the private sector is sustainable, that is whether the toll charges will be able to construct and maintain the road within the concession period of thirty years. The study recommends that Kogi State government could approach the African Development Bank for loan to construct this very critical road in order to alleviate the sufferings of the Nigerian people plying the road. The study concludes that the Ajaokuta-Itobe Expressway concession project is a viable and sustainable project, and that it will increase the welfare of the people, and directly or indirectly improve the standard of living of the people, and that rehabilitating the 5.05km of Itobe-Ajaokuta expressway will reduce environmental pollution, vehicle operating costs and travel time on the road thereby promoting economic development through improved transport services.
Published in | International Journal of Engineering Management (Volume 4, Issue 2) |
DOI | 10.11648/j.ijem.20200402.13 |
Page(s) | 30-36 |
Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
Copyright |
Copyright © The Author(s), 2020. Published by Science Publishing Group |
Itobe-Ajaokuta Expressway, Public Private Partnerships, Sustainable Infrastructure Development, Traffic Volume Count
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APA Style
Apeh Ocholi Adejoh Samuel. (2020). The Sustainability of Concessioning Itobe-Ajaokuta Expressway to the Private Sector. International Journal of Engineering Management, 4(2), 30-36. https://doi.org/10.11648/j.ijem.20200402.13
ACS Style
Apeh Ocholi Adejoh Samuel. The Sustainability of Concessioning Itobe-Ajaokuta Expressway to the Private Sector. Int. J. Eng. Manag. 2020, 4(2), 30-36. doi: 10.11648/j.ijem.20200402.13
AMA Style
Apeh Ocholi Adejoh Samuel. The Sustainability of Concessioning Itobe-Ajaokuta Expressway to the Private Sector. Int J Eng Manag. 2020;4(2):30-36. doi: 10.11648/j.ijem.20200402.13
@article{10.11648/j.ijem.20200402.13, author = {Apeh Ocholi Adejoh Samuel}, title = {The Sustainability of Concessioning Itobe-Ajaokuta Expressway to the Private Sector}, journal = {International Journal of Engineering Management}, volume = {4}, number = {2}, pages = {30-36}, doi = {10.11648/j.ijem.20200402.13}, url = {https://doi.org/10.11648/j.ijem.20200402.13}, eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijem.20200402.13}, abstract = {The study focused on the Sustainability of Concessioning of Itobe-Ajaokuta Expressway to the private sector. The methodology adopted was the traffic volume count for 30 days, which enabled me to calculate the number of vehicles for each of the six different classes of vehicle plying the road daily. The study found that a total of 78,690 vehicles use the road daily. The vehicles were categorised into six (6) different groups, and tolls to be paid allocated to each of them. From the research carried out, a total of One hundred and thirty four million, four hundred and eighty thousand, six hundred naira (#134, 480, 600), could be realised from toll charges annually. It was also found that the road is 5.05Km long and that it would cost the sum of Six hundred and eight million, four hundred and fifteen thousand, nine hundred and twenty naira (#608,415,920), to construct the road. The key objective was to analyse whether concessioning the expressway to the private sector is sustainable, that is whether the toll charges will be able to construct and maintain the road within the concession period of thirty years. The study recommends that Kogi State government could approach the African Development Bank for loan to construct this very critical road in order to alleviate the sufferings of the Nigerian people plying the road. The study concludes that the Ajaokuta-Itobe Expressway concession project is a viable and sustainable project, and that it will increase the welfare of the people, and directly or indirectly improve the standard of living of the people, and that rehabilitating the 5.05km of Itobe-Ajaokuta expressway will reduce environmental pollution, vehicle operating costs and travel time on the road thereby promoting economic development through improved transport services.}, year = {2020} }
TY - JOUR T1 - The Sustainability of Concessioning Itobe-Ajaokuta Expressway to the Private Sector AU - Apeh Ocholi Adejoh Samuel Y1 - 2020/08/27 PY - 2020 N1 - https://doi.org/10.11648/j.ijem.20200402.13 DO - 10.11648/j.ijem.20200402.13 T2 - International Journal of Engineering Management JF - International Journal of Engineering Management JO - International Journal of Engineering Management SP - 30 EP - 36 PB - Science Publishing Group SN - 2640-1568 UR - https://doi.org/10.11648/j.ijem.20200402.13 AB - The study focused on the Sustainability of Concessioning of Itobe-Ajaokuta Expressway to the private sector. The methodology adopted was the traffic volume count for 30 days, which enabled me to calculate the number of vehicles for each of the six different classes of vehicle plying the road daily. The study found that a total of 78,690 vehicles use the road daily. The vehicles were categorised into six (6) different groups, and tolls to be paid allocated to each of them. From the research carried out, a total of One hundred and thirty four million, four hundred and eighty thousand, six hundred naira (#134, 480, 600), could be realised from toll charges annually. It was also found that the road is 5.05Km long and that it would cost the sum of Six hundred and eight million, four hundred and fifteen thousand, nine hundred and twenty naira (#608,415,920), to construct the road. The key objective was to analyse whether concessioning the expressway to the private sector is sustainable, that is whether the toll charges will be able to construct and maintain the road within the concession period of thirty years. The study recommends that Kogi State government could approach the African Development Bank for loan to construct this very critical road in order to alleviate the sufferings of the Nigerian people plying the road. The study concludes that the Ajaokuta-Itobe Expressway concession project is a viable and sustainable project, and that it will increase the welfare of the people, and directly or indirectly improve the standard of living of the people, and that rehabilitating the 5.05km of Itobe-Ajaokuta expressway will reduce environmental pollution, vehicle operating costs and travel time on the road thereby promoting economic development through improved transport services. VL - 4 IS - 2 ER -