Osun to expend N5billion on 54.3km road
Osun State Government has disclosed that the proposed rehabilitation of 54.3km road projects that would be embarked on will cost the state the sum of N5,245,729,794.95.
While giving the breakdown of the roads, Omowaye revealed that five major roads had been approved by the Council across the three senatorial districts for reconstruction and rehabilitation. Omowaye further explained that a sum of N1,656,963,889.47 would be expended on the rehabilitation/complete overlay of 25.8km Army Barack -Ara-Ejigbo township road, just as N835,138,000.54 will be expended for the rehabilitation and complete overlay of 8.10km Moro-Yakoyo-Ipetumodu-Asipa-Ife/Ibadan expressway junction road.
The commissioner noted that the project is going to be a ‘Contractor-Financing Project’ under the Alternative-Project-Funding-Approach .He explained, “We are doing about five roads because this is not the first road. Since we came in, we have done about ten township roads but this is another phase of road projects that we are working on.
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