Inside Oyo presents to you some of the things you need to know about the Ibadan circular road project which was flagged off yesterday by Governor Abiola Ajimobi of Oyo State.
Here are 12 things as compiled by Insideoyo.com :
1) It was conceived in 2002 by the Alhaji Lam Adesina-led administration.
2) The project is 110km.
3) It is estimated to cost about N70 billion
4) It was flagged-off held at Badeku Village in Ona-Ara Local Government Area.
5) The first phase, 32km, would be completed within 18 months.
6) The first phase would start from Badeku Village and end at Ajanla Village on the Lagos-Ibadan Expressway, representing the Northeast corner of the project.
7) It was awarded to the ENL Consortium Limited.
8) The project will be financed through a facility sourced from the Nexim Bank of China by the contractor on a “Build, Operate and Transfer“ arrangement between the ENL and the state government.
9) The project is at no cost to Oyo State Government.
10) The length of the remaining three phases is: Northwest 33km; Southwest 24km and Southeast 20.8km.
11) The first phase would include provision of hydraulic structures, lined drains, culverts, three bridges, two interchanges/flyovers, pavement of lateritic sub-base of 200 millimetres, three security posts, two filling stations and street lights, among others.
12) ENL Consortium has accessed $232million for the construction of the road.
