The Managing Director of Infrastructure Bank (TIB) PLC, Mr. Adekunle Oyinloye, has reassured users of the Lagos – Ibadan Expressway that work on the N167 billion project will be completed by July next year.

Oyinloye, in a statement in Abuja after the bank’s board meeting, said motorists have nothing to fear about the completion date regardless of the current lull on the construction work.

He promised that work would resume as soon as the legal issues surrounding the project were resolved.

Construction work, he said, had already reached 30 per cent.

He said additional financial commitments have already been secured from the project financiers through whom, he added, the initial N50 billion was raised for the project.

He said that all the stakeholders on the project, including the Federal Ministry of Works, the Infrastructure Concession Regulatory Commission (ICRC) and the contractors – Julius Berger PLC and RCC – were determined to meet the completion date target.

Oyinloye commended the perception of the Minister of Power, Works and Housing, Mr. Babatunde Fashola, on the state of infrastructure in Nigeria and the concept of Public Private Partnership in rescuing them from decay.

He also announced plan by the bank to construct a 280-kilometre ”green-field dual carriage way” that will link Abuja with Ibadan through Kwara State.