Onolememen announced the planned inauguration by the President at a meeting with a delegation of the Association of Luxury Bus Owners of Nigeria (ALBON) in Abuja.
The News Agency of Nigeria recalls that the concession of the 178-kilometre road, which was granted Bi-Courtney Highway Services Limited, was earlier this year terminated by the Federal Government.
The Government had alleged that the company failed to honour the terms of the concession agreement.
A fresh contract for the reconstruction of the expressway was subsequently awarded to Julius Berger Nigeria Plc for the Lagos – Shagamu interchange end of the expressway.
RCC Nigeria Limited is also expected to handle the Shagamu – Ibadan axis of the expressway.
The minister said the project had been awarded and the government was ready to see it completed in record time.
“The Lagos/Ibadan Expressway project as you know has been awarded and work will soon commence on it.
“However, may I use this opportunity to let you know that President Goodluck Jonathan will inaugurate the reconstruction.”