The Ondo State Executive Council (Exco) yesterday in Akure, the state capital, awarded contracts for the construction of the 37.5 kilometre dual coastal carriage Araromi-Seaside-Akodo-Lekki Road.
The Exco awarded the 37.5-kilometre dual carriageway after a selective tendering method.
The execution of the road project is to be co-funded by the state government and the Niger Delta Development Commission (NDDC) at ratio 60:40.
According to the Exco’s approval, the road project is divided into two lots.
Lot One, which is 18.850-kilometre, is awarded to Craneburg Construction Company, Lagos, for N16.9 billion.
The execution of Lot one is to begin from Araromi Seaside and terminate at Awodikora/OKLNG.
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The 18.65-kilometre Lot Two of the road project is awarded to CCECC Nigeria Limited, Abuja, for N15.7 billion.
The construction of Lot Two will start from Awodikora/OKLNG to Akodo-Lekki in Lagos State.
The Exco intends to pay 30 per cent of the contract sum to the beneficiary contractors as mobilisation fee, while subsequent sums will be paid based on measurements and certificates.
The contractors handling the projects are to deliver them in 36 calendar months.
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