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Published On: Tue, Aug 26th, 2014

Minister inaugurates committee for development of Utako Park

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By Stanley Onyekwere

In order to ensure the speedy development of Utako Motor Park, Minister of State for the Federal Capital Territory (FCT), Oloye Olajumoke Akinjide, yesterday, inaugurated a14-man Ministerial Project implementation Committee, to move and clear the place for the developer to commence work.

While inaugurating the committee, Akinjide, said that the developer, Intercity Transport Nigeria limited has met their obligation to the stakeholders of the Utako Park, paving way for seamless deployment of personnel and equipment to upgrading the Park.

According to her, there were some preconditions to the contract that were to be fulfilled by the investor explaining that those were the activities that delayed till take commencement of work since it signed agreement in April 2014, assuring that the 48 months duration of the project still stands.

She revealed they (investors) paid N1bn to defray the cost of all kinds of legal financial right by various stakeholders to be able to access the area for the needed development that would be benefit the citizens which was part of the conditions to commence work.

“Today we can safely say that the investors have fulfilled 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 the need to obtain which everything is now in place. So, I believe that work will begin in earnest very quickly now” the minister stressed.

Peoples Daily reports that the committee is expected to partner with the investor to finalize 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 organization.

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