Wale Babalakin, chairman of Bi-courtney Nigeria Limited says, in a statement issued on his behalf, the federal government ought to re-award the contract for the rehabilitation of the Lagos-Ibadan Expressway to its company. The contract was terminated, and awarded to Julius Berger, during the erstwhile administration of President Goodluck Jonathan.
Babatunde Fashola, Minister for Power, Works and Housing, Monday admitted government’s inability to keep concessionary agreements was responsible for work delay on the highway.
Reacting to Fashola’s comment, Akeem Alaaya, Bi-Courtney’s spokesman, said “the next logical step” was for the government to
“hand back the Lagos-Ibadan Expressway to Bi-courtney”.
“The money the government is now expending on the road, he added, can be used on projects that can attract private sector funds.”
“The legal advisor to Bi-courtney, Mr. Tola Oshobi, according to the statement, said the infrastructural development of Nigeria had been slowed down tremendously by government’s inability to understand that it was only through public private partnerships that the country would get the rapid development it deserved.”
The company said it has been vindicated by Fashola’s comment.