Kwara seeks private sector infrastructure projects
Kwara State Government has urged the private sector to synergize with governments under Public Private Partnership (PPP) model to establish and fund infrastructure projects on a sustainable basis.
The State Governor, Abdulfatah Ahmed made the appeal at the official commissioning of Federal Road Safety Commission RS8, Kwara State Office Complex, Ilorin that the State Infrastructure Development Fund, (KSIDF) success has demonstrated the benefits of partnering with private sector to fund key infrastructure projects.
According to the governor, PPP approaches ensure efficiency, guarantee funding for projects and insulate infrastructure from the challenges associated with government financing of projects.
“While I remain an advocate of stronger Federal/State synergy in the funding and provision of infrastructure, it is time we leveraged more on the private sector to provide key infrastructure which as we all know is a major driver of social and economic development,” the governor said.
Ahmed disclosed that the State has spent over N7billion on several road projects across the state under the KSIDF, primarily designed to fill various infrastructure gaps in the state.
“Among road projects embarked on by this government”, the governor said, “ there are dualization of Kulende-UITH-Oke Ose road, Geri Alimi Split Diamond Interchange, Share-Oke-Ode Road, Egbejila-Airport Road and Megida Arobadi road.”
He said that the second phase of the Light-Up Kwara project has commenced as streetlights had been installed along major streets in the state capital, promising to extend the project to other roads across the state.