Lagos-Ibadan express road, we are determined to finish this 167 billion project

Nigerias’ Minister of Works, Mr Mike Onolememen, on Monday said that the Federal Government had no intention to re-concession the Lagos-Ibadan expressway project.

Onolememen said while on inspection of the two sections of the project that government had resolved to deliver the road in 48 months.

He said that the N167 billion projects, which included rehabilitation, reconstruction and expansion, were awarded to two contractors.

They are Julius Berger Nigeria Limited handling Section 1 (Lagos-Shagamu axis) and Messrs Reynolds Construction Company Limited, handling Section 11 (Shagamu-Ibadan axis).

“The project cost N167 billion and a completion benchmark of 48 months.

“There has not been any revision; in fact, it has been alleged that the Federal Ministry of Works was considering a new concession this project.” He said there would be no “concession to anybody”.

“The Federal Government has taken a decision to ensure that this road is constructed because we took it away from the first contractor and we are determined to deliver it.
http://www.pmnewsnigeria.com/2014/02/11/fg-restates-commitment-to-rebuild-lagos-ibadan-road/