By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: FG reopens bid for Lagos-Ibadan road Phase 2 after rejecting Julius Berger’s N258bn
Share
Sign In
Notification Show More
Latest News
NOA Advises Nigerians On Responsible Use Of US Visa
Metro News
Eze-Igwe William Ezugwu Pays Tribute to General Dr. Joseph Jude Okolagu on His Birthday
Awards and Recognitions Metro News
NAMA Conducts Simulation Exercise to Test Preparedness for Air Incidents in Abuja
Aviation Business News
SDP candidate to give AMAC its deserved transformation 
News Politics
FG Flags Off Light Rail Projects in Northern States – Minister
Business Infrastructure Metro News Travel/Leisure
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Infrastructure > FG reopens bid for Lagos-Ibadan road Phase 2 after rejecting Julius Berger’s N258bn
InfrastructureNews

FG reopens bid for Lagos-Ibadan road Phase 2 after rejecting Julius Berger’s N258bn

Publisher
By Publisher Published August 9, 2024
Share
3 Min Read
SHARE

The Federal Government has decided to reopen the bidding process for the Lagos-Ibadan Expressway Phase 2 project after rejecting Julius Berger Plc’s N258 billion proposal.

This decision was announced in a statement on the Ministry of Works’ official website, following a meeting held on Wednesday between the Minister of Works, David Umahi, and representatives from Julius Berger Plc at the Ministry’s Headquarters in Mabushi, Abuja.

The Ministry of Works, under Minister David Umahi, originally estimated the project cost at N153 billion after revising the plan from asphalt to concrete.

However, Despite negotiations since September 2023, an agreement could not be reached on the cost discrepancy.

To ensure the project stays on budget and is completed efficiently, the government will invite new bids. The bidding process, which will include the Ministry’s estimate and Julius Berger’s proposal, is expected to be completed within the next month.

Speaking on the Lagos-Ibadan Expressway Phase 2 project, Umahi said, “We changed the elements of the pavement from asphalt to concrete, and the total cost we came up with based on prevailing cost is N153 billion.

“But they are offering N258 billion. Since we’ve been on this since September 2023, we have no choice but to determine this contract.

“And then we ask BPP for No Objection for selective tendering, whereby we will be sending our own advice of N153 billion to BPP, and we send their own of N258 billion to BPP, and then we invite other contractors to also bid.

“This we will conclude within the next one month so that we can get that job concluded.”

The statement also provided an update on the Odukpani road project in Cross River State, where the Minister of Works, David Umahi, highlighted significant developments recently approved by the Federal Executive Council.

Umahi announced that the project budget has been increased by N36 billion, raising the total cost from N54 billion to N90 billion. This adjustment, approved just a few days ago, was deemed necessary due to a critical change in the project’s scope.

The Minister explained that the pavement material for the Odukpani road will be switched from asphalt to concrete, a decision aimed at enhancing the road’s durability and longevity.

With this change, the government expects the contractors to focus on completing one carriageway at a time, once the new terms are agreed upon. Minister Umahi emphasized that the government is eager to receive the contractor’s response to ensure the project’s timely and efficient completion.

Like this:

Like Loading...

Related

You Might Also Like

NOA Advises Nigerians On Responsible Use Of US Visa

Eze-Igwe William Ezugwu Pays Tribute to General Dr. Joseph Jude Okolagu on His Birthday

NAMA Conducts Simulation Exercise to Test Preparedness for Air Incidents in Abuja

SDP candidate to give AMAC its deserved transformation 

FG Flags Off Light Rail Projects in Northern States – Minister

TAGGED: Lagos-Ibadan Expressway

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher August 9, 2024
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Dambe Warriors League Partners with Ministry of Arts and Culture to Promote Nigeria’s Traditional Martial Art
Next Article NIMASA, Chatham House To Engage UN Security Council On Security In Gulf Of Guinea
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

NOA Advises Nigerians On Responsible Use Of US Visa
Metro News August 2, 2025
Eze-Igwe William Ezugwu Pays Tribute to General Dr. Joseph Jude Okolagu on His Birthday
Awards and Recognitions Metro News August 1, 2025
NAMA Conducts Simulation Exercise to Test Preparedness for Air Incidents in Abuja
Aviation Business News July 31, 2025
SDP candidate to give AMAC its deserved transformation 
News Politics July 31, 2025

You Might also Like

MetroNews

NOA Advises Nigerians On Responsible Use Of US Visa

August 2, 2025
Awards and RecognitionsMetroNews

Eze-Igwe William Ezugwu Pays Tribute to General Dr. Joseph Jude Okolagu on His Birthday

August 1, 2025
AviationBusinessNews

NAMA Conducts Simulation Exercise to Test Preparedness for Air Incidents in Abuja

July 31, 2025
NewsPolitics

SDP candidate to give AMAC its deserved transformation 

July 31, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d