…to pay N231m as compensation for road dualisation
The Government of Oyo State has re-awarded the contract for the completion of the 7.2 kilometre Idi Ape-Basorun-Akobo-Odogbo Barracks road through the Alternative Project Funding Approach.
The State Commissioner for Information ,Culture and Tourism,Dr. Wasiu Olatubosun announced this while briefing newsmen on the outcome of the state executive council meeting on Tuesday.
According to the Commissioner the contract was awarded to Messrs Fax Consults at the cost of 3.3 billion naira ANC is expected to be completed in 8months.
READ ALSO : Oyo House Of Assembly Suspends 13 L.G Chairmen
A statement by the Chief Press Secretary to the governor, Taiwo Adisa, indicated that the State Executive Council also approved the sum of Two hundred and Thirty-One Million, One Hundred Thousand Naira Only ( N231,100,000) ) for the payment of compensation claims on the road.
Olatubosun, maintained that the road project would be completed through the Alternative Project Funding Approach, APFA, which will allow the state to pay after the contractor must have financed the project.
The Information Commissioner said: “It would be recalled that during the last media interaction, the governor promised that the road will be looked into and worked upon.
“Today, the Council approved the completion of Idi Ape-Basorun-Akobo-Odogbo Barrack junction road dualization project. The project was awarded to Messrs FAX Consults Limited, at the sum of N3,280,568,572.34 only, on design, build and finance basis, and in line with the repayment modality in form of Alternative Project Funding Approach.
“We also approved the payment of compensation claims on the dualisation of that same road to the tune of N231,100,000 put forward by the Ministry of Works, Infrastructure and Transportation.”
