The Federal Government on Wednesday okayed the sum of N147.4bn for two major roads, the Benin-Ore and Okene-Benin expressways.
The approval was granted at the weekly Federal Executive Council meeting.
The breakdown of the projects includes the execution of Phase II, dualisation of Lokoja-Benin Road Section I, II, III and IV in Kogi State and Edo State.
Also part of the projects is the reconstruction and asphalt overlay of Benin-Ofosu-Ore-Ajebandele-Shagamu dual carriageway Phase IV: Ajebandele-Shagamu KM162 + 586 (Ondo State to KM 261 + 000 (Ogun) in Ogun State.
Briefing State House Correspondents after the FEC meeting, which lasted till 5pm yesterday, the Minister of Information, Labaran Maku, and his works counterpart, Mike Onolememen, said four sections of the road would gulp N75.8bn.
Onolememen said, “Council approved the award of contracts for the execution of Phase II (dualisation of Lokoja-Benin Road Section I, II, III and IV in Kogi State and Edo State in the follow order:
“Contract No. 6135 for the dualisation Lokoja-Benin Road Section I: Obajana Junction-Okene (40.00km) in Kogi State in favour of Messrs CGC (Nigeria_ Limited in the sum of N18,905,502,377.69 thereby revising the contract sum from N11.663,957,682.30 to N30,569,460,059.99 .
“Contracts No. 6136 for the dualisation of Lokoja-Benin Road Section II: Okene-Auchi (26.70km) in Kogi and Edo states, in favour of Messrs Mothercat Limited in the sum of N10,227,820,541.42, thereby revising the contract sum from N11,086,276,140.35 to N21,294,096,681.78.
“Contract No. 6137 for the dualisation of Lokoja-Benin Road Section III: Auchi-Ehor (29.20km) in Edo State in favour of Messrs Danata and Sawoe Construction Company Limited in the sum of N23,206,811,244.87, thereby revising the contract sum from N11,659,588,909.69 to N34,866,400,154.56”.