The Oyo state governor, Mr Seyi Makinde, on Wednesday, flagged off the reconstruction of the three kilometres Under G-Stadium-LAUTECH 2nd Gate Road, Ogbomoso and second phase of the Light-Up Oyo state project.
At an estimated cost of N28.36 billion, the provision of the street light to span 223.48 kilometres of the road across geopolitical zones of the state is expected to be completed in nine months time.
Under a Contractor’s Project Financing Scheme involving Messrs Ledco Allied Enterprises and the Oyo State Government, the state will provide an initial counterpart fund of N2.83 billion with a payment arrangement of the entire project sum that will span seven years.
Speaking in Ogbomoso at the flag-off, Makinde said the state was committing N28.36 billion to the Light-Up phase two project in recognition of the importance of street lights to security and boosting economic activities.
With streets lit up, he noted that security agents will better function, while businesses can run for 24 hours.
He allayed fears on the cost of maintenance, noting that the lights, as in the Light-up phase one project in Ibadan, is energy-saving, powered by inverters for 9 hours and diesel for 3 hours.