Transport Nationwide In development

Federal Highway Modernisation

Overview

What this project will fund

Resurfacing and widening 120km of federal road with smart lighting and tolling infrastructure.

Resurfacing, widening and tolling of 120km across two federal trunk roads, structured as a build-operate-transfer concession with the Federal Ministry of Works. Toll revenue is collected via electronic gantries with a dynamic pricing model.

Project highlights

BOT concession over 15 years
Electronic free-flow tolling with ANPR cameras
Solar street lighting along entire corridor
Roadside service plazas with retail concessions

Roadmap

Project phases

Phase 1
Due diligence & SPV setup
Upcoming
Phase 2
Investor subscription opens
Upcoming
Phase 3
Construction & deployment
Upcoming
Phase 4
Commissioning & first payout
Upcoming

Deal terms

Financial structure

Total project size: $48M
Indicative raise: $6.4M
Investor share: To be confirmed at launch
Payout cadence: Semi-annual

Risk factors

How we mitigate risk

Traffic ramp-up risk mitigated by a minimum revenue guarantee.
Maintenance obligations funded from a dedicated O&M reserve.

Partners & counterparties

Who we're in conversation with

The organisations below are being considered as partners and counterparties for this project. None of these relationships are finalised — they represent the shortlist we are actively engaging as the project moves toward launch.

Federal Ministry of Works Julius Berger Lekki Concession Co. (advisor)

Investor calculator

Project your returns

Based on an illustrative return of 10% APR over a 42-month tenor. Final terms will be confirmed when subscription opens.

This project is still in development. The rate and tenor shown are indicative only and may change before the raise goes live.

Investment amount

$50$50,000

Annual return

$100

10% of principal

Per quarterly payout

$25

14 payouts over tenor

Total over 42 mo

$350

Cumulative interest

Capital + returns

$1,350

Principal returned at maturity

Interactive projections

Charts update live as you adjust the investment amount.

· Stacked area shows your principal (stable) plus accumulating interest each quarter.· Over 42 months you hold 14 coupon periods.· Principal is returned at maturity, on top of cumulative coupons.

Illustrative only. Actual returns depend on project performance and the SPV's cash waterfall.

Capital stack

Where your slice will sit

A breakdown of how this project is expected to be financed. Higher tranches are repaid first from project cash flows once distributions begin.

Diaspora senior debt← your tranche55%
Sponsor equity25%
Grant / concessional20%

Repayment waterfall: senior tranches receive scheduled coupons before subordinated tranches. Equity is last to be paid and first to absorb losses.

Use of funds

How the raise is deployed

Every dollar is allocated against a line item in the project budget, audited quarterly.

Resurfacing & widening works46%
Tolling gantries & ANPR systems14%
Solar street lighting & signage12%
Service plazas & retail fit-out10%
Right-of-way & land acquisition8%
Contingency & O&M reserve10%

FAQ

Questions investors ask

How is toll revenue verified?+

Independent auditors reconcile gantry counts, payment processor data and bank deposits monthly. Reports are published to investors.

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