Gbenro Adesina
Oyo State Governor, Engr. Seyi Makinde on Wednesday July 5, 2020, flagged off the reconstruction of the 21 kilometre Airport-Ajia-New Ife Express Road with a spur to Amuloko.
The project, being implemented under the Alternative Project Funding Approach (APFA), was awarded at N8.5b and it is scheduled to be completed within 18 months.
Makinde stated that the contract was awarded to Messrs Peculiar Ultimate Concerns Ltd, whose representative, Engr Abel Adeleke, is from the neighbouring Osun State.
He explained, “Under APFA, the contractors fund the projects with their own money while the state repays them over a period of time, in this case, 29 months. As a result, we decided that it would be best to open up the bidding process so contractors outside of Oyo State can bid as well”.
“The contractor has the means to fund the project, and has undertaken that the construction labour will come from Oyo State residents”, Makinde stated.
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