INFLATION: Delta approves upward review of projects

Post created on 10:36 am

Delta State Government has approved the upward review of contract price of  some ongoing projects across the state, due to rising cost of construction materials.

The Commissioner for Information, Dr. Ifeanyi Osuoza, disclosed this Thursday while briefing journalists on some of the decisions reached at the State Executive Council (EXCO) meeting presided over by Governor Sheriff Oborevwori.

Dr Osuoza also said that the state government also terminated the contract for the rehabilitation of the Warri Township Stadium for apparent lack of capacity to deliver the project by the contractor.

He said the State Exco approved the payment of retirement/death benefits to verified staff of Delta State University (DELSU), Abraka, adding that amendment to the road traffic regulations in the state was also approved.

The Commissioner disclosed that the review of interest rate on naira credit facilities for contractor guarantee facilities and direct facilities was equally approved by the State Exco.

According to him, the appointment of His Royal Majesty, Kingsley Emuakpor Orherhe, as the Ovie of Agbarha-Warri Kingdom, Warri South Local Government Area of the state, was also approved by EXCO

“We approved the upward review of the contract due to fluctuations in unit rate and balanced additional works for construction of Kwale/ Beneku Road and approach road in Ndokwa West and Ndokwa East local government areas.

“The State Executive Council granted approval for the reconstruction of Ororor, Chechster and Benjamin Oseregbaje Road in Sapele, Sapele local government area of the state.

“We approved the amendmemt to the road traffic regulations and we approved the review of interest rate on naira credits facilities for contractor guarantee facilities and direct facilities.

“Approval was given for the upward review of the contract due to increase in the prices of construction materials for the construction of Obi-Ibabu Road in Onicha Ukwuani in Ndokwa West Local Government Area of the state,” he added.

While saying that approval was also, given for the construction and rehabilitation of roads in Sapele town, Sapele Local Government Area of the state, Dr. Osuoza pointed out that approval was given for the upward review of contract sum due to fluctuations in unit rate and additional works for the construction of  a six- lane access road to Asaba water front project.

“We equally approved the upward review of contract due to fluctuations in unit rate and additional works for the construction of a bridge across Orere River with access roads and spur in Orere, Ughelli South Local Government Area of the state.

“Exco approved the upward review of contract sum due to increase in prices of construction materials and labour for the construction/rehabilitation of Emevor-Orogun Road, phase l, in Isoko North Local Government Area of the state.

“We approved the review of contract sum due to fluctuations in unit rate or balanced and additional works for the construction of Okpanam/Ibusa Road from Benin /Asaba Expressway by Okpanam junction to Ibusa/Asaba Road in Oshimili North Local Government Area,” he said.