World Bank-funded project approves N16bn contract for roads construction in Oyo

The Rural Access and Agricultural Marketing Project, a World Bank-funded project, has signed a contract agreement worth N16.273 billion for the construction of about 68km rural roads under phase 1 of the intervention project.

The contract signing event, which took place at the Oyo State Ministry of Agriculture and Rural Development in Ibadan – the Supervisory Ministry of Oyo RAAMP, and under the supervision of Olasunkanmi Olaleye, Commissioner of the Ministry, had five construction companies signed the contract agreements with Oyo RAAMP.

The construction companies are Dephhanny’s Venture Limited; Messrs CGC Nigeria Limited; Messrs Coastline Engineering Limited; Messrs Lopek Engineering and Construction Limited and Messrs E.A.A Engineering Limited.

This is aimed at constructing the rural roads which cut across five Local Government Areas of Oyo State.

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Olaleye, addressing the contractors and stakeholders at the contract signing, said the project aims at upgrading rural roads, improving agricultural marketing and promoting economic growth in Oyo State.

According to Olasunkanmi, the Project is expected to have a positive impact on lives of rural communities, farmers, and traders as well as market hubs to reduce post harvest lost of agricultural products.

While congratulating the firms/Contractors who finally emerged from the highly competitive bidding and procuremnt processes, the Commissioner explained that the phase 1 intervention roads of backlog maintenance/rehabilitation and cross drainage structures would nclude: Fashola Farm settlement road networks, Oyo West, Oloko Oyo Junction- Ikere Junction, Iseyin Local Government; Alako-Idiya-Batake- Olowa Farm settlement Ido Local Government; Adebayo-Alata-Aba Oje, Oluyole local government; Okudi-Oyada road, ATISBO Local Government; and Tewure-Ila junction road, Oriire local governments, respectively.

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