Federal Ministry of Works and Housing has shortlisted 18 firms from among 75 bidders seeking to operate and toll 12 economically viable highways on a concession basis.

The ministry has also concluded the evaluating proposals for phase one of the Value-Added Concession (VAC) under the Highway Development and Management Initiative (HDMI), revealed a statement from Hakeem Bello, spokesman of the minister of works and housing, Babatunde Fashola, on Monday.

The 12 roads of 1,963 kilometres will be managed by technically and financially capable private sector firms/consortia. They are Benin-Asaba, Abuja-Lokoja, Kano-Katsina, Onitsha-Owerri-Aba, Sagamu-Benin and Abuja-Keffi-Akwanga.

The rest are Kano-Maiduguri (Kano-Shuarin), Kano-Maiduguri (Potiskum-Damaturu), Lokoja-Benin, Enugu-Port Harcourt, Ilorin-Jebba, Lagos-Otta-Abeokuta and Lagos-Badagry-Seme.

The winning operators are expected to add value to the roads, construct and operate tolling facilities, as well as install and operate weighbridges.

The bid evaluation process was approved on Thursday at the Project Steering Committee (PSC) meeting chaired by Fashola, where the head, Public-Private-Partnership (PPP) unit of the ministry, Abimbola Asein, said proposed preferred/reserved bidders had been identified.

The process started on March 29, 2021, with the opening of the HDMI portal, and by May, 2021, 75 firms/consortia submitted valid applications.

A team evaluated the bids and prequalified 18 firms who proceeded from October, 2021, to February, 2022, when the Request For Proposals (RFP) were opened.

The due diligence of the 18 firms are ongoing and bidders can be disqualified if they falsify submissions, the ministry said.

The ministry afterwards will negotiate the technical and financial terms and get a nod from the Infrastructure Concession and Regulatory Commission (ICRC) and approval of Compliance Certificate by the Federal Executive Council (FEC) before signing the concession agreement to finalise the contract.

Daily Trust