LUK: KWSG to Fund Project Over 10 Years
The State government made this disclosure through a statement issued on Monday by Dr. Muideen Akorede, Senior Special Assistant on Media and Communications to Governor Abdulfatah Ahmed.
The state government said under the PPP arrangement, the contractors will finance, build, operate and maintain the 3000 streetlights before handing them over to the state government which will have ten years to pay for the LUK project.
It therefore explained that the PPP arrangement and the deferred payment is the only way government can afford a project of the magnitude of LUK under prevailing circumstances.
The government further clarified that the ten-year payment for the LUK street lights will not commence until government is satisfied with the quality and maintenance of the project which scheduled for completion within a year.
Accordingly, the government said an affordable payment plan is in place to ensure there is no pressure on the state's finances under LUK or any other IFK project.
The government assured that it will continue to meet its obligations for other infrastructure projects, people-oriented programs and prompt payment of salaries and pensions before, during and after the LUK project.
Pointing out the innovativeness of the LUK project, the statement noted that the streetlights will be powered through solar power tunnels at specific locations as part of government's efforts at promoting a green economy.
The statement added that the project consultants will source materials locally, and will also engage workers within the State, to boost local economy and create employment.
Highlighting other benefits of the project, the government explained that the streetlights will enhance security, boost the night economy, and improve aesthetics.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Folaranmi Aro Razaq Ayobami Akanbi Isiaka Gold Kwara Central Yoruba Oloye Sulyman Tejidini Tunde Saad Kwara State Branch Of The National Library Farouk Salim Amina El-Imam Igosun Abdulrazak Shehu Akorede Shehu Salau Opolo Global Innovation Limited Kishira Aliyu Umar Kwara Poly Unilorin FM Aminu Ado Bayero Taofeek Sanusi Afonja Abdulkareem Alabi Issa Manzuma Sidikat Uthman Ajibola Abdulfatah Ahmed Www.Kwarareports.com Durosinlohun Atiku REO CAKES Rueben Parejo Isin Ayo Adeyemi Yahya Mohammed Sulaiman Gado Tafida Ilorin Airport Omoniyi M. Ayinla Saliu Shola Taofeek Islamic Development Bank Gbemisola Saraki CUTI Adesoye College 2023 Elections Omotoso Musa Olosi Of Osi Ibrahim Oloriegbe Ilorin.Info Sa\'adu Salahu Yahaya Jibril Usman NTA Ilorin Mutawali Ladi Hassan Samuel Adedoyin Mufutau Gbadamosi Esuwoye Tosho Yaqub Mashood Abdulrafiu Agboola Balikis Jawondo Baaziki Sulaiman Abdulazeez Arowona Gabriel Fashanu Gbugbu Bluenile Associates Jumoke F. Ajao Adekunle David Dunmade Okanlawon Musa Sheikh Ridhwanullah El-ilory Mary Arinde Babatunde Ishola Babaita Nurudeen Muhammed Salami Adekunle Suleman Abubakar Issa Baba Abubakar Atiku Seni Saraki Tayo Awodiji Malete UNIFEMGA