The Federal Government summoned the necessary political will Monday, annulling the failed Lagos-Ibadan Expressway concession contract it awarded to Lagos-based Bi-Courtney Highway Services Limited in 2009.
The Minister of Works, Mike Onolememen, announced the revocation to journalists and said the decision was informed by Bi-Courtney’s violations of the contract terms, particularly its failure to secure needed funds for the job.
The road will now be constructed by firms, Julius Berger and RCC, the minister said.
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