The Federal Government on Monday announced that it had identified preferred/reserved bidders for 12 federal highways up for concession under the Highway Development and Management Initiative.

It said this was following the conclusion of the evaluation of the proposals submitted for phase one of the value-added concession under the HDMI.

The HDMI is a PPP initiative of the Federal Ministry of Works and Housing that seeks to attract sustainable investment and funding in the development of road infrastructure and maximise the use of assets along the right-of-way of federal highways across the country.

The first phase of the value-added concession under the HDMI seeks to concession 12 economically viable road corridors to technically and financially capable private sector firms/consortia.

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