Osun Airport To Cost N69bn Under Concession – Official

The proposed M. K. O Abiola International Airport in Ido-Osun, Osun State would cost N69 billion under concession arrangement with AWOL International company, a state government official has said.
Mr Niyi Ogundiran, the 2nd chief resident architect on the project disclosed this during a meeting with members of the state house of Assembly in Osogbo on Thursday.
Ogundiran said the concession agreement would last for 30 years before the permanent transfer of ownership to the state government.
He said the contract was  first awarded on Oct. 14, 2012 at the cost of N 4.5 billion, which was to be completed within eight months.
Ogundiran further explained that the contract was later reviewed to the sum of N11bn to accommodate new features in the airport.
He said the state government had spent a total sum of N 3.6 billion on the project till date.
Also speaking,  Mr Nurudeen Adeagbo, the Permanent Secretary,  Ministry of Works, said the concession agreement would be to the advantage of the state government.
Adeagbo said the concession agreement was not in any way detrimental to the economy of the state.
He said he was optimistic that the company would deliver a perfect job at the end of the day.
In his remarks, the Deputy Speaker of the Assembly,  Mr Adegboye Akintunde, said those in charge of the project must ensure that it does not fail.
Akintunde said the people of the State are watching with a keen interest on what would be the outcome of the project.
He said those in charge must ensure that the concessionaire deliver the best to the people of the State.
Another lawmaker, Mr Tunde Olatunji who is the House Committee Chairman on Commerce, Cooperative and Industries, said the airport project was a huge investment which must not be handled carelessly.
Olatunji  said there was no doubt that the airport would fast tract economic development in the state if well executed.