Minister of State for the Federal Capital Territory, Mrs. Olajumoke Akinjide, has said that Intercity Transport Nigeria Limited have met their obligation to the stakeholders of the Utako Motor Park to enable the deployment of personnel and equipment to rebuilding the motor park.
Akinjide said this yesterday while inaugurating a 14-man Ministerial Project implementation Committee for the Development of Utako Motor Park.
She said there were some preconditions to the contract that delayed the commencement of work since it signed agreement in April 2014 assuring that the 48 months duration of the project still stands.
She tasked them to move and clear the place for the developer to move into the fields with their equipment and commence work.
She said N1 billion was paid to defray the cost of all kinds of legal financial right by various stakeholders as condition to be able to access the area for the needed development.
She said: “Today we can safely say that the investors have fulfil all their own pre-conditions in terms of putting money on the table especially to satisfy all the existing right which they met on ground at Utako Motor Park.
“They had to provide money to defray the cost of people who had any kind of legal rights to the site which I think is up to the tune of N1bn to defray all those expenses which they have done and there are other things like credit guarantee, project guarantee, certificates that they needed to obtain which everything is now in place. So, I believe that work will begin in earnest very quickly now.”
The committee is expected to partner with the investor to finalise and adopt the design for the new Utako Transport Terminal; ensure delivery of the vacant site for the developer to effectively commence work; inspect and monitor on periodic basis and ensure that the project is completed within the cycle of 48 months period as pledged by the organisation.
