The contract covers the Oyo State end of the Oyo-Osun boundary linking Ibadan in Oyo State to Iwo, Osun State.
The Chairman of the board, Ikeje Asogwa, disclosed this when members of the State House of Assembly Committee on Education, Science and Technology visited his office on Tuesday in Enugu.
He said this during an interview on Bond FM on Sunday.
This follows the completion of the third segment of the ongoing rehabilitation works along Ketu-Mile 12 corridor of Ikorodu Road.
At the launch of the project at Eleko, Sanwo-Olu said government knew the importance of the Eti-Osa-Lekki-Epe Expressway which houses the Lekki Free Trade Zone and thriving estates businesses.
The Executive Council also approved the installation of 58 Motorized Boreholes across the 33 Local Government Councils of the state at the cost of N312,202,900.
The Minister of Transportation, Rotimi Amaechi, made this known when he briefed State House Correspondents on the outcome of the 18th virtual meeting of the Federal Executive Council.
News Agency of Nigeria recalls that the state government had announced its decision to restrict movement of articulated vehicles on the road to allow the contractor handling the project to speed up work.
The Federal Controller of Works in Lagos State, Adedamola Kuti, on Wednesday announced the commencement of reconstruction of the Apapa-Oshodi-Oworonsoki-Ojota Expressway.