Rivers Government Signs N195.3B Ring Road Contract With Julius Berger

The Rivers State Government has signed a contract with Julius Berger for a N195.3 billion Port Harcourt Ring Road project to decongest Port Harcourt city, transversing six local government areas in the State.

The Attorney General, Prof Zaccheus Adangor, Commissioner for Works, Dr. George Kelly-Alabo and Permanent Secretary, Ministry of Works, Ebere Emenike, signed the contract on behalf of the government, as Managing Director of Julius Berger, Dr. Lars Richter, Assistant Regional Manager, Rimon Marisho, signed for the German construction giant.

After signing the contract, Governor Siminalayi Fubara explained that the ring road is his legacy project, and construction should be completed within 36 months, with the contractor receiving over N150 billion in mobilisation.

Fubara said, “This is something previous governments had conceived. Some had so much money. Some save hundreds of billions of naira in bank accounts but couldn’t venture into it.

“The total value of the contract is N195.3 billion, and we are paying (mobilizing) you 77 per cent, which is over N150 billion immediately after this event.

“Once will confirm 55% of the initial fund release, we will commence payment of the balance.

Fubara sought cooperation with the government, contractor, and from affected communities of the road project.

“Any traditional ruler, chiefs with youths who try to disrupt or sabotage the project will immediately be suspended and prosecuted.

The Managing Director of Julius Berger, Dr Richter, thanked the governor for the trust reposed on the company and assured of delivering the project on schedule with high quality as exhibited in the previous projects entrusted to them by the previous administration.