Infrastructure Bank restates commitment to completion of

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The Infrastructure Bank (TIB) has reassured motorists using the Lagos-Ibadan express road of speedy completion of the N167 billion road project.

This was disclosed in a statement made available to the News Agency of Nigeria (NAN) in Lagos on Friday.

The statement quoted the bank’s Managing Director, Mr Kunle Oyinloye, as assuring motorists not to be despaired by the current lull in completing the road project.

He said that construction work, which had reached 30 per cent completion stage, would resume as soon as the legal issues surrounding the project were resolved.

Oyinloye said that additional financial commitments had been secured from the project financiers from whom the initial N50 billion was raised for the project.

He said that all stakeholders on the project, including the Federal Ministry of Works, the Infrastructure Concession Regulatory Commission (ICRC) and the contractors – Julius Berger PLC and RCC – were determined to ensure its completion by the July 2017 scheduled date. (NAN)

 

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