Federal Executive Council - FEC Approved Contracts For April 15, 2009

FEDERAL EXECUTIVE COUNCIL (FEC) APPROVED CONTRACTS FOR APRIL 15, 2009

1. Contract Item/ Service: Re-award of Contract for the Dualisation of the East-West Road, Section II, Kaiama to Ahoada( Km 101 to 47)

Name of Company: Messrs. Setraco (Nig.) Limited

Cost: 44,883,718,258.18

Date: 8/04/09

Duration: 36 Months

2. Contract Item/ Service: Award of Contract for the Reconstruction and Expansion and Modernization of Lagos-Ibadan Expressway (From Ojota in Lagos to Challenge, old Toll Gate, in Ibadan – 105km) on a DBOT Scheme under PPP arrangement

Name of Company: Messrs BiCourtney Consortium

Cost: 89,533,688,879.84

Date:  8/04/09

Duration: 25 Years