Business - News - March 25, 2021

FEC approves N82bn for Fed. Secretariat rehabilitation, other projects in FCT

The Executive Council of the Federation (FEC) on Wednesday announced the approval of N82 billion for the rehabilitation of the Federal Secretariat and the completion of other
infrastructure projects in the Federal Capital Territory (FCT).
The Minister of the FCT, Muhammed Bello, announced this in Abuja at the end of the Council meeting presided over by President Muhammadu Buhari.
Bello said about N8.1 billion was approved for the rehabilitation of the Federal Secretariat alone, with Phase I of the exercise to focus on electro-mechanical systems, water systems and other general rehabilitation.
Briefing journalists, the Minister said the Council deliberated on the six memos he presented for consideration relating to infrastructure and infrastructure-related projects.
“The first memo was for the revision of the contracts for the rehabilitation and expansion of the outer Southern Expressway to Ring Road I in the Federal Capital City which was approved at a varied contract sum of N15,125,122,967. It is expected that this contract would be completed within 24 months.
“The second project also approved by the Council was for the revised estimated cost of the contract for the construction of a 15-kilometre left-hand service carriageway of the outer surface of the outer Southern Expressway stage II augmented to about N11,476,476,424, 350.
The minister said the secretariat inaugurated in 1993 was overdue for a massive rehabilitation of at about N8,110,665, 676.76 and the completion period is 24 months.”
The minister disclosed that the other projects include those for the total overhaul of a 1,500 KVA generating plant for the Abuja Environmental Protection Board at a cost of N110 million.
Bello said that approval was also granted for an upward review of the contract sum for the extension of the inner Southern Expressway at N47.6 billion.
He said that N131.4 million of the N82 billion was meant for the review of consultancy provision for the Independence and Constitution Avenue Road project in the Abuja Central Business District. (NAN)

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