Prof while this sophistry over "cost" and "costings" goes on, that road continues to take its toll on the life and resources of Nigeria and Nigerians! Its well one year since our egbon and lawyer Babalakin got this approval, how many years will it take his company to begin to do something?
Oladosu
--- On Sun, 10/24/10, Olowokere, David <olowokeredo@TSU.EDU> wrote:
From: Olowokere, David <olowokeredo@TSU.EDU>
Subject: RE: USA Africa Dialogue Series - Lagos Ibadan Expressway to Gulp $1.5billion
To: usaafricadialogue@googlegroups.com, NIDOA@yahoogroups.com, USAAfricaDialogue@googlegroups.com
Date: Sunday, October 24, 2010, 11:30 AM
My cost breakdown is at $137m MAX to rehabilitate this stretch. The USDA pricing used by Otito Koro may not be applicable. USDA labor wage rates are many times much higher. D. Olowokere Ph.D., P.E. Professor of Civil Engineering
From: usaafricadialogue@googlegroups.com on behalf of Otito Koro
Sent: Sun 10/24/2010 12:28 AM
To: NIDOA@yahoogroups.com; USAAfricaDialogue@googlegroups.com
Subject: USA Africa Dialogue Series - Lagos Ibadan Expressway to Gulp $1.5billion
My people, this is another example of corruption gone wild! $12.5million per kilometer to rehabilate Lagos Ibadan expressway!! The world Bank ( completed highway projects report) recognises 5 categories of road works and have compiled cost ranges per kilometer as follows ( in thousands of dollars) : Seals $5-32 Functional Overlays 30-107 Structural Overlays 74- 198 Rehabilitation 45-700 Construction 142-1,850 This means that building lagos-ibadan expressway from scratch under the worst conditions should cost about 1850000 *120 km $222million plus 10% give or take whatever MAX $250million. At $1.5 billion, when will your children get out of debt? Haba, our own na wa. Babalakin is not a man of figures and he might have lost his bearings on what a billion is so we must assume that he his engineers have fed him the wrong jist. How sad that the NSE and COREN sit by as this goes on. Who says we are not a nation of fools ?! The link below details how to cost roads. SAN Dr. Chief Babalakin's friends should send it to him. This Day October 21, 2010 October 21, 2010 by Bunmi Awolusi About $1.5 billion (N231 billion) will be needed to complete the reconstruction of the Nigeria's busiest highway – the Lagos-Ibadan Expressway – according to Chairman, Bi-Courtney Group, Mr. Wale Babalakin. Speaking at the Infrastructure Policy Dialogue on "Closing Nigeria's Infrastructure Gap by 2020" at the ongoing 16th Nigerian Economic Summit in Abuja, Babalakin said the phased-highway project would be completed within four years. The Federal Government had approved the concessioning of the highway for 25 years to Bi-Courtney Nigeria to upgrade it with N89.53 billion and recoup the investment through toll gates. Also, yesterday, stakeholders called for the review of Due Process requirements for Public Private Partnerships (PPP) projects particularly in the area of low pricing during bids as this tends to compromise quality of projects. Suggestions are also made in the area of population control as a way of addressing the causative factors which have retarded the country's infrastructural development. -- You received this message because you are subscribed to the "USA-Africa Dialogue Series" moderated by Toyin Falola, University of Texas at Austin. For current archives, visit http://groups.google.com/group/USAAfricaDialogueFor previous archives, visit http://www.utexas.edu/conferences/africa/ads/index.htmlTo post to this group, send an email to USAAfricaDialogue@googlegroups.com To unsubscribe from this group, send an email to USAAfricaDialogue- unsubscribe@googlegroups.com -- You received this message because you are subscribed to the "USA-Africa Dialogue Series" moderated by Toyin Falola, University of Texas at Austin. For current archives, visit http://groups.google.com/group/USAAfricaDialogue For previous archives, visit http://www.utexas.edu/conferences/africa/ads/index.html To post to this group, send an email to USAAfricaDialogue@googlegroups.com To unsubscribe from this group, send an email to USAAfricaDialogue- unsubscribe@googlegroups.com
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