Indication emerged on Tuesday that the reconstruction of the Lagos-Ibadan Expressway would be largely private-sector financed.The Federal Government said it had made a provision for N50bn, representing 30 per cent of the N167bn cost of the project, leaving the private investors and financiers led by the Infrastructure Bank to raise the N117bn balance needed to complete the project.
This was contained in a statement signed by the Director of Information, Federal Ministry of Works, Mr. Bisi Agbonyin.
