According to the Minister of Works, Dave Umahi, the Federal Government will take over any section of the Lagos-Ibadan Expressway not completed by April.
He spoke after the Federal Executive Council (FEC) meeting yesterday. He said: “We are poised to take over some parts of the route if they are not completed by April because we need to commission that project.”
The Lagos-Ibadan Expressway project, valued at N213 billion, was divided into two phases.
Julius Berger completed the first phase. RCC is working on the second.
Umahi said N30 billion is needed to complete the remaining sections, including an 8.55-kilometer stretch of the Lagos-bound carriageway.
“The contract value of what is left is about N4 billion and then the Lagos-bound is about 8.55 kilometres and this is what we re-scoped.
“That amount is N22 billion so you technically have about N30 billion, even though the total value of the project is N213 billion.
“But don’t forget that what is needed to complete that route is N30 billion,” the minister said.
FEC approved 14 major road contracts worth N242.148 billion across different states.
