Lagos — Three months after the Federal Government revoked the Lagos-Ibadan expressway concession given to Bi-Courtney Limited (BCL), the company yesterday exonerated self over incessant road accidents on the road.
Reacting to insinuations that the firm failed on the Lagos-Ibadan expressway project, its spokesman, Dipo Kehinde, said BCL left the road in a much better condition than it was in 2009, when it won the concession for its reconstruction under a Design, Build, Operate and Transfer (DBOT) agreement with the federal government.
Kehinde said though a significant number of the accidents resulted into the loss of lives, official statistics by the Federal Road Safety Corps actually showed that the rate of accidents on the road reduced after the firm took over its maintenance from the works ministry.
"These clarifications became necessary following the series of misinformation and misconception being promoted among the public by persons with personal interest in the expressway, other than the overall interest of the citizenry and the nation at large", Kehinde said.
He said under the concession agreement, BCL was expected to raise N89.5 billion needed to transform the dual carriageway into an ultra-modern super-highway that would be comparable to any other in the world but according to him federal government failed to play its part.