Finance FEDERAL GOVERNMENT ON WEDNESDAY APRIL 12, APPROVED N6.28BN FOR SURFACE MAINTENANCE

THE IMPORTANCE OF DEPOSIT INSURANCE IN BUILDING TRUST IN BANKING SYSTEMS

Adeyemi Olajide » Federal Government on Wednesday April 12, approved N6.28bn for surface maintenance

The Federal Government on Wednesday April 12, approved N6.28bn for surface maintenance of the Third Mainland Bridge in Lagos State.

The Minister of Works and Housing, Babatunde Fashola, stated this while briefing State House correspondents after this weeks Federal Executive Council meeting at the Presidential Villa.

He said the move aligns with Executive Order 11 signed by the President Muhammadu, in April 2022, which gave legal backing to the countrys national maintenance policy.

Fashola also revealed that the 24-month repair will cover 11 kilometres, including interchanges, ramps, and critical links on the Third Mainland Bridge.

The announcement comes barely two weeks after the Lagos State Government said it would undertake rehabilitation works on the 32-year-old bridge to repair failed and peeled asphaltic sections and substructure.

Council approved a fresh contract for the maintenance of the pavement of the third mainland bridge and this was approved in the sum of N6.28 billion for a period of 24 months.

I have been asked about the works that have been done on the bridge before. The works are concentrating largely on the substructure of the bridge; the underwater piles, the pile caps, and also the replacement of the expansion joints and the bearings.

These are maintenance works that are critical to the structural integrity of the bridge. What were dealing with now is different. It is the driving surface and also the aesthetics. Some of the rails have been stolen. Some of the pleats are misaligned at the routes that lead you on and off the bridge.

Fashola added that there are no anticipated prolonged closures during the works.

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