You are here
Home > News > FCTA partners UN-Habitat, ADB On $300 Million urban renewal projects

FCTA partners UN-Habitat, ADB On $300 Million urban renewal projects

Social media sharing

Babatunde Opalana

The Federal Capital Territory Administration (FCTA) is partnering with the United Nation urban renewal body, UN-Habitat and the African Development Bank on urban renewal projects in some selected settlements within the FCT.

The Press Secretary to the FCT Minister, Cosmas Uzodinma in a press statement said core indigenous settlements in Jikwoyi, Dutse Alhaji, Gwagwalada and Kuje communities of the Federal Capital Territory, have been selected for the projects under a soft loan arrangement from African Development Bank (ADB) and UN-Habitat.

The projects according to the Executive Secretary, Federal Capital Development Authority (FCDA) Engr. Umar Gambo Jibrin, has been given a new impetus by the current FCT Administration, under the leadership of Malam Muhammad Musa Bello.

Gambo stressed that the momentum behind the project is the Administration’s plan of completing viable ongoing projects in the City and shifting emphasis to the development of the outskirts. This, he indicated, is with a view to opening up the grassroots of the Territory to make them places where people can live, work and raise their children.

Explaining further, the Director, Satellite Town Development Department, (STDD), Arc. Victoria Imande elucidated that FCT Administration submitted proposals which were acceptable to African Development (ADB) and UN-Habitat. As a result, a substantial part of the prequalification conditions has been met which include project identification, detailing of the scope of work and identification of major problems.

Under the arrangement, FCT is shopping for a $300 million syndicated loan by both institutions at an interest rate of between 1 to 1.5 percent. The facility would be channelled to address the dearth of modern infrastructure among the poor communities.

According to Arc. Imande, over one million people are projected to benefit from the life improvement projects. Facilities to be provided include water pipelines, electricity, roads, sewage and other basic utilities.

The Administration is working with the Nigeria Infrastructure Advisory Facility (NIAF) who are consultants to the international agencies, to ensure due diligence in the procurement process. NIAF, the Director revealed, is already working on the development of the concept note, environmental and social management framework and tentative scope of the project.

 


Social media sharing

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Top