May 18, 2024

  • Bitcoin(BTC)$24,383.00-1.66%
  • Ethereum(ETH)$1,657.83-2.53%
  • Tether(USDT)$1.000.18%
  • BNB(BNB)$310.23-1.26%
  • USD Coin(USDC)$1.000.10%
  • XRP(XRP)$0.39-0.81%
  • Binance USD(BUSD)$1.000.05%
  • Cardano(ADA)$0.39-2.73%
  • Dogecoin(DOGE)$0.09-2.67%
  • Polygon(MATIC)$1.38-6.66%

FEC Approves N506 Billion for Warri Road Construction

0 57

CEM REPORT, INFRASTRUCTURE | The Federal Executive Council (FEC) has approved an increase of N260 billion for the East-West road project sections 1-4 from Warri to Port Harcourt, Eket, and Oron.

This brings the total cost of the project to N506 billion from the original cost of about N246 billion.

The variation was part of the decisions reached by the council presided over by Vice President, Yemi Osinbajo at the Presidential Villa, Abuja on Wednesday.


According to the spokesman of the Vice President, Laolu Akande, who briefed correspondents on the issue, the variation followed a memorandum presented to the council by the Minister of Works and Housing, Babatunde Fashola, as part of efforts to provide succour and resolve issues around the recent floods.

“He got approval for the variation order in respect of repair works on the East-West road project affected during the recent flooding occurrences in the Niger Delta.

“So, the approval was for a variation order for the East-West road project sections 1-4 from Warri to Port Harcourt, Eket, Oron, including Oron-Eket bypass in the sum of N260 billion, thereby increasing the total contract sum for the outstanding sections 1-4 of the East-West road projects from the sum of formerly of N246 billion now to N506 billion. The memo was approved.”

Fashola also got FEC’s approval for the award of contracts for urgent repairs, and special general maintenance of a few roads nationwide.

These include the construction of Gogora Guru road in Yobe state, in the sum of N40 billion, with a completion time of 36 months; the rehabilitation of the 90-kilometre Buni Gari Gulani road also in Yobe state in the sum of N4 billion, with a completion period of 36 months.

Approval was also given for the urgent repairs and the reconstruction of Water Cooperation Drive at Trinity Avenue Victoria Island Lagos State in the sum of N2 billion with a completion period of 36 months.

Similarly,  approval was given for the award of a contract for the dualization and reconstruction of the Kano-Kwanar-Ganja-Hadejia road in Kano and Jigawa states,  in the sum of N94 billion inclusive of 7.5 percent VAT, with a completion period of 24 months.

Share this

Leave a Comment

glo advert
WP Twitter Auto Publish Powered By :