Infrastructural Devt: FEC Approves N8.2bn For 4 Road Projects - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
September 19, 2019
TheFederal Executive Council, FEC has approved eight point two billion naira forthe completion and construction of roads across the country.
TheMinister of Works and Housing Babatunde Fashola, who announced this at the endof the meeting, said two of the approvals were to revise the estimates of costto enable contractors continue work.
Hesaid the Council also approved five hundred and nineteen million naira revisionof contract sum of Oba-Nnewi-Okigwe road to cater for changes in cost ofmaterials as the project was awarded in 2009, adding that the contract sum wasrevised from three point seven billion naira to four point three billion naira.
Heannounced that that the council approved a revision from nine point billionnaira to eleven point two billion naira saying the revised cost was over twobillion naira.
Respondingon the poor state of roads nationwide against series of approvals by the Council,Fashola identified budget funding gaps as factor responsible for theinability of the ministry to complete some road projects in the last fouryears.