REVEALED: OSUN GOVT CONCESSIONS MKO INT’L AIRPORT TO TURKISH FIRM
REVEALED: OSUN GOVT CONCESSIONS MKO
INT’L AIRPORT TO TURKISH FIRM
Trending gist reveals that the
Government of the State of Osun has signed a concession agreement with All
Works of Life (AWOL) International Limited for the completion of MKO Abiola
International Airport.
Meanwhile the signing of the
concession agreement which is to annex the infrastructure development of the
state was held in the State secretariat, Abere, State of Osun on Thursday.
AWOL International Limited in
partnership with a Turkish company, Biray Group is expected to complete the
project within the span of 8months.
The Chief Executive Officer, AWOL
International Limited, Amb. Nurudeen Ogunlade, said, “Today’s signing of the
concession agreement is of great significance to both AWOL and the State of
Osun Government on the continuation of the construction of MKO Abiola
International Airport and Aviation Maintenance with handling service from the
heart of the Oduduwa kingdom.”
He said, “Compared with other local
Airport, MKO International Airport will open the doors of business and other
trade related opportunity within Ogun, Ondo, Ekiti, Kogi, Oyo, Kwara and Edo
State as well as to our foreign visitors.
“On the completion of the
construction of First Phase of the Airport within the period of 8months, it
will take off with five aircraft, three passengers helicopter and one cargo
aircraft by AWOL International Company.
He posited that his company will
complete the entire Airport with 5 Star Hotels including all amenities like
Cultural center, Water Park Recreation Center and Garden, Butterfly Museum and
Casinos within the period of 2years.
While enumerating the benefit that
the airport will bring to the country, he said the airport is designed to
facilitate the smooth movement of the people and goods from one point to
another and serve as a channel way for tourism, hanger and cargo.
He noted that the concession
agreement was not in any way detrimental to the economy of the State and it
will be run for 30years before it will be handed over fully to the State
government.
He commended the Governor for his
pragmatic effort in giving the State good shapes for an enviable future.
In his remark, the State governor of
Osun, Ogbeni Rauf Aregbesola said, “We are doing something that is really
extraordinary to take the state to a greater height in Nigeria.
When I began the entire project; the
airport, roads, the schools and other social infrastructures I was so sure that
if there is no problem with our stream of income, definitely all these project
will be completed.
The arrangements we put on ground
will now ensure effective completion of these project, as we did not use the
conventional method of financing our project, rather we brought to bear what we
called ‘flexible funding’ in partnership with some banks.
“Before the terrible financial mess
that befell Nigeria, we had expended the sum of N2, 926, 27,948.5 billion on
the project. The contractor handling the project has done certified work
amounting to N3; 667,178,112.15 billion, meaning that outstanding for the
contractor against the state is the sum of N640, 970,164.10 million and these
amounts includes retention of N170, 609, 64.16million.
