The Nigeria Liquefied Natural Gas (NLNG) Company has received an over US$ 52M tax waiver for its participation in the implementation of the Bodo-Bonny road project, the first road link between Bonny Island to the rest of Rivers State in Nigeria.
The tax waiver was granted by the Federal Inland Revenue Service (FIRS). The tax agency presented a road infrastructure credit certificate to NLNG on the 22nd of April 2021 in Abuja.
The NLNG according to reports, provided 50% funding for the entire project while the federal government provided the other half.
The Bodo-Bonny road project
The Bodo-Bonny road project comprises construction of a 39 km long road, cross culverts, and two mini bridges with a span of 23 m each as well as two creek bridges, Afa Creek Bridge of about 530 m length and Nanabie Creek Bridge of about 640 m lengths, in addition to the construction of a major river bridge of about 750 m length over the Opobo Channel.
According to the project contractor, Julius Berger Nigeria Plc, substantial dredging activities and a number of specialized soil stabilization methodologies are being undertaken.
“Incremental launching is employed in the bridge construction. The highly mechanized method consists of manufacturing the superstructure of the bridge by sections in a prefabrication area behind one of the abutments with each new unit concreted directly against the preceding one. After it has hardened the resultant structure is launched forward over temporary sliding bearings” explains the building, construction, and civil engineering contractor.
Completion of the project
According to the Director of Road Designs in the Federal Ministry of Works and Housing, Omotayo Awosanya, the over US$ 314M project is expected to be completed in 2022.
Upon completion, the project will reduce the cost of oil production and other economic businesses in Rivers State, contribute to the development of the Niger Delta region, and open up opportunities for rapid economic development.