FG Okays N109bn Contracts For Four Roads, Hostel
The Federal Government on Wednesday approved different contracts on roads and others totalling N109.187bn.
The approvals for the contracts were parts of the decision reached at a virtual meeting of the Federal Executive Council presided over by the President, Major General Muhammadu Buhari (retd.).
The contracts were approved based on the requests of the Ministry of Works and Housing as well as the Ministry of Education.
The Minister of Works and Housing, Babatunde Fashola, told State House correspondents at the end of the meeting that his ministry submitted two memoranda for projects estimated to cost a total of N108.44bn.
He disclosed that the council approved an augmentation of existing contract by N25bn for the completion of the Enugu – Lokponta section of the Enugu – Port Harcourt Expressway.
He said, “The Ministry of Works and Housing presented two memoranda. The first one was to aid the completion of the Enugu – Lokponta section of the Enugu – Port Harcourt highway. It was an augmentation of existing contract by N25bn; the council approved that augmentation.
“The second memorandum was the award of three different roads. The first is Dikwa-Marte-Mungunu road for N60. 273bn and the Numan Road linking Borno and Adamawa for N15.527bn and the third is for Gombi-Biu linking Adamawa and Borno also for N7.643 bn.”
The Minister of Education, Adamu Adamu, said the FEC approved an agreement between the Kaduna Polytechnic and an investor to renovate 18 blocks of student hostels.
The contract, which is a 15-year concession at the cost of N744.26m is under a Renovate Operate, Maintain and Transfer arrangement.
He said, “It will take one year to construct the hostels, after which the contractor will run it for 15 years within which they will recover what they have sunk into the project.
“There are 18 blocks of hostels and each room in a block will house four students. The total number of students to be housed will be 4,032.”