The Oyo State Government has approved the rehabilitation of the 65km Moniya-Ojutaye-Iseyin road for the sum of N6.95 billion.
It was gathered that the project is expected to be completed in 18 months.
Ut has also approved the 3.6km Phase 1 Asphaltic Rehabilitation/Construction of Baptist Grammar School Junction (Idi-Ishin)-Agbofieti-All Saints College-Itafaji-Wire and Cable Junction road, Ibadan for the sum of N120 million, Dailytrust reports.
The Commissioner for Information, Culture and Tourism, Toye Arulogun, who disclosed these in Ibadan said that the executive council had also approved the supply and installation of solar powered street lights along Dandaru/Parliament road junction to Secretariat Roundabout to Government House/SUBEB Junction (lot 1) at a cost of N94.6 million and 110/Odo-Ona Roundabout to Liberty Road/Ring Road Roundabout Junction (lot 2) at a cost of N50.5 million
He stressed that the cost of the two projects (lot 1 & 2) amounted to N145 million.
Arulogun stated that the 65km Moniya-Ojutaye-Iseyin road has been awarded to Oladiran Engineering and Trade Nigeria Limited, explaining that the contractor was picked, after a careful evaluation for both technical and financial responsiveness by the state consultants on road projects, under the leadership of Reyog International Nigeria Limited.
He pointed out that 30% of the contract sum would be paid to the contractor as advance payment, subject to the provision of an open-ended advance payment guarantee from a reputable bank.