October 24, 2018

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FEC approves N245bn for road, other projects (DailyTrust)

FEC approves N245bn for road, other projects (DailyTrust)

Following complaints by various state governments, the Federal Executive Council yesterday approved N105 billion as intervention funds for 44 road projects in the states.

The eight-hour council meeting, presided by Vice President Yemi Osinbajo, also approved N80.199 billion as revised sum for the second section of the 84km Lagos-Ibadan road project.

Also approved was N38.034 billion for the construction of the 72 kilometre 9th-mile Orikam Road in Enugu State. About N10 billion will draw from the Ecological Fund to finance the contract awarded to RCC Limited.

The Minister of Works, Power and Housing, Babatunde Fashola, told State House reporters that the council approved N18.874 billion for repair works at the Third Mainland Bridge in Lagos State.

The minister said the contract was awarded to an Italian construction firm, Borini Prono, which constructed the bridge.

He said 33 piles of the bridge would be replaced in the first phase of the project with a total of 177 piles to be strengthened. Read more

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