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.
AbdulRaheem Ahmad Shayi Kayode Yusuf Mustapha Akanbi Kwara Liberation Group Seed Technologies Abubakar Usman Jos James Ayeni Busari Toyin Isiaka Dar-Al-Handasah Consultants Ltd Balikis Jawondo TETFUND Inside Kwara African Democratic Congress Shoprite Hauwa Nuru Oba-Solagberu Young Progressives Party Jimoh Saadudeen Muhammed Lanre Aremu Saliu Ajibola Ajia Bayo Mohammed Onimode Plat Technologies Yusuf Badmus Maigida Soludero Transit Principal Private Secretary Kale Ayo Abdulkadir Bolakale Sakariyah Muazam Nayaya Eleyele Abdulkadri Ahmad Alaiye Kunle Okeowo Lukman Oyebanji Fagbemi KwaraLearn Offa Descendants Union Alaiye Shola Odetundun Agbarere Innocent Okoye JMK Construction Company Limited Ibrahim Gambari Aso Ofi Obasanjo Clement Yomi Adeboye Lawal Olohungbebe Olaitan Adefila MAI Akande Kumbi Titiloye Jalala Isapa Olawuyi Musa Abdullahi Shehu Adaramaja Matthew Babaoye Sadiq Buhari Maimunat Oloriegbe Abikan Offa Poly All Confederation Of Principals Of Secondary Schools Afonja Descendants Union Ethical College Adeleke Ogungbe Sheriff Shagaya Adedayo Yusuf Abdulkareem Yekini Adio Yusuf Amuda Abubakar Ibrahim Akaje Tunde Saad Arik TVC Female National Debate Ahmad Ali Atiku Unilorin Durosinlohun Atiku Mohammed Haruna Abdulmajeed Wahab Lanre Issa-Onilu Oloje

