Daily Trust

Oyo approves reconstruc­tion of 45.3km Saki-Ogbooro-Igboho road for N8.7bn

- From Jeremiah Oke, Ibadan

Oyo State Government on Wednesday announced the approval for the reconstruc­tion of 45.3 kilometre Saki-OgbooroIgb­oho road at N8.7billion.

The Executive Council also approved the installati­on of 58 Motorized Boreholes across the 33 Local Government Councils of the state at N312.2million.

While briefing newsmen on the outcome of the 28th Oyo State Executive Council meeting held at the Executive Chamber of the Governor's Office, Secretaria­t, Ibadan, on Tuesday, the state's Commission­er for Agricultur­e and Rural Developmen­t, Hon. Muyiwa Ojekunle, said that the contract for the road was awarded to Messrs China Civil Engineerin­g Constructi­on Corporatio­n (CCECC).

The Chief Press Secretary to the governor, Taiwo Adisa, who briefed journalist­s after the state executive meeting, said the contract was that of an Alternativ­e Project Funding Approach (APFA), which would see the contractor initially execute the project with its funds, while the state will pay back through scheduled repayments.

The project, according to the statement, would be completed within 18 months.

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